Home > Business > Africell Holding acquires Orange Uganda majority stake from the Orange Group

Africell Holding acquires Orange Uganda majority stake from the Orange Group

Africell has acquired Orange Uganda’s majority stake from the Orange Group.

The transaction upon completion would bring Africell’s portfolio to 4 operations with a total market potential of over 120 million inhabitants.

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Africell is a telecommunication company that operates in Gambia, Sierra Leone and DRC, with a combined active subscriber base of over 7 million as of Q4 2013.

Africell is expecting to end the year 2014 with close to 11 million active subscribers, placing Africell amongst the largest privately owned telecom companies in Africa.

“Uganda with a population of over 37 million and a penetration rate of 50% was well within the criteria we had set to further expand in Africa targeting high potential and high growth markets” says Ziad Dalloul, Chairman and C.E.O of the Africell Group.

Africell would still be looking to add one more market to its portfolio before end 2015 to further expand and diversify its portfolio to cover West, Central, and East Africa.

Africell holds a dominant leading market share in Gambia and Sierra Leone and was able to achieve a 20% market share in the DRC in less than two years of operations facing well established operators. The group currently has over 9 million active subscribers and forecasted to reach 11 million by year’s end.

“We are confident in achieving a quick turnaround of the operation in Uganda; our operating model has proven that we would be able to offer an attractive proposition to the Ugandan consumer allowing us to quickly climb the market share ladder and bring the operation into profitability” adds Elias Arwadi, Chief Operations Officer of the Africell Group.

 

All its current three operations have 3G licenses; both The Gambia and Sierra Leone are 3G operational with DR Congo to finish 3G deployment before the end of Q2 2014. Africell is actively looking to expand into a minimum of 2 new countries over the coming 2 years, which would allow it to reach 15 million active subscribers

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