Orange has sold Orange Niger to Zamani Com for an undisclosed sum after signing back in August an agreement between Orange MEA and the minority shareholders of Orange Niger.
Africa and Middle East region has become a strategic priority for the Orange Group. Earlier this year, the company announces plans to build a new international backbone network in West Africa. The new infrastructure will be built around a terrestrial fiber network combined with subsea cables that will both benefit from centralized supervision. In addition, this multi-regional West African network will connect to the rest of the world through additional subsea cables and will link up all the main capital cities in the region such as Dakar, Bamako, Abidjan, Accra and Lagos.
Relevant authorities approved the deal, which allowed Orange MEA to complete the sale of its entire 95.5% stake in Orange Niger to Zamani Com.
Zamani Com is wholly owned by Mohamed Rissa of Rimbo Invest and Moctar Thiam of Greenline Communications, both minority shareholders of Orange Niger.
The company’s services will continue to be marketed under the Orange brand during its transitional period.