France’s biggest telecoms operator in the EU, France telecom Orange, is set to make an entry into Nigeria and South Africa.
Stephane Richard the CEO of the company, who made this known, said the firm would make a move in a few months.
He said, “It could make sense to be in economies such as Nigeria and South Africa. If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”
According to Businessinsider.co.za, the Middle East, and Africa, where Orange has a presence in 18 countries, is the company’s fastest-growing market.
The region makes a large chunk of its revenues from payment transfers – a vital part of the group’s diversification into financial services.
Orange said earlier this year it was bringing its operations in the Middle East and Africa into a single entity, clearing the way for a potential listing of the services that could make up cash to invest in overseas expansion.
Stephane also further narrated that the Telecomms company would be looking to enhance partnerships with health companies or institutions. Read here