Orange Sells Stake in Orange Uganda to Africell

The Orange Group have announced that it has signed an agreement with Africell Holding for the sale of its majority stake in Orange Uganda.

This transaction is subject to approval from the relevant authorities, but will enable the company in Uganda to continue its development.

According to Orange, the transaction marks a new step in the Orange Group's asset portfolio optimisation strategy for which Africa and the Middle-East remain a strategic priority.

Orange Uganda was created in 2008 and is the third telecoms operator in Uganda, with 620,000 clients at the end of last year.

Orange is one of the world's leading telecommunications operators with sales of 41 billion euros in 2013 and has 164,000 employees worldwide as of 31st March 2014, including 101,000 employees in France.

Present in 30 countries, the Group has a total customer base of more than 239 million customers as of 31st March 2014, including 182 million mobile customers and 16 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.