France’s largest telecoms operator, Orange, is set to make an entry into Nigeria and South Africa.
The Chief Executive Officer, Stephane Richard, who made this known, said the firm would make the 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.”, 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 key 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, paving the way for a potential listing of the operations that could raise cash to invest in overseas expansion.
Stephane also explained that the operator will be looking to enhance partnerships with health companies or institutions.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
France won’t forget history, tear down statues – MacronPresident Emmanuel Macron vowed on Sunday that France would not seek to erase elements of its history or take down statues of controversial public figures, despite growing global scrutiny of former...
Read more »
Macron says France has scored its 'first victory' against virusPresident Emmanuel Macron said Sunday that France had marked its first victory in the fight against the coronavirus pandemic, ending much of its lockdown
Read more »
Anti-Racism Protests: France Won’t Erase History, Take Down Statues – MacronAnti-Racism Protests: France Won’t Erase History, Take Down Statues – Macron
Read more »
COVID-19: Macron Says France Has Scored ‘First Victory’ Over VirusCOVID-19: Macron Says France Has Scored ‘First Victory’ Over Virus
Read more »
Nigeria’s Fintechs project $543 million revenue growth in twoThe number of fintech companies in Africa grew at a yearly rate of 24 per cent between 2009 and 2019, fuelled mostly by Nigeria, Kenya and South Africa.
Read more »
NBET boss Amobi violates Code of Conduct law, runs private businessMarilyn Amobi, has continued to run and direct her private company in the United Kingdom, in what is clearly a contravention of Nigeria's code of conduct
Read more »