Africell Completes Acquisition of Orange Uganda, Reaches 11 Million Active Subscribers [press release]

Africell, one of the fastest growing mobile telecommunications operators in Africa, announces it has completed the acquisition of Orange Uganda.

The transaction will add to Africell’s portfolio 700,000 subscribers, as well as a 2G – 3G – 4G network.

Africell has now reached 11 million active subscribers, a 700% increase over five years, and expects to end the year with over 12 million subscribers.

Ziad Dalloul, Chairman amp CEO of Africell, said:

“Africell’s acquisition of Orange Uganda presents a great opportunity for us to replicate the success we have achieved in other territories. This is an important strategic step for the company this acquisition will add substantial growth to our portfolio which already includes the fastest growing network in DRC and another two operations with an uncontestable first rank in market share in Gambia and Sierra Leone.”

The company anticipates gross revenues of over $270 million in 2014 to reach $350 million and $500 million respectively in 2015 and 2016.

Africell Ltd.

Africell is one of the fastest growing mobile telecommunications operators in Africa. Since its launch in 2001, the company has established itself as the number one mobile network provider in Gambia and Sierra Leone, and is rapidly growing its newer operations in Democratic Republic of Congo (DRC) and Uganda. Africell is at the forefront of the mobile expansion in Africa and is aiming to become one of the leading telecom players in the continent.

For more information, please visit a href=”” target=”_blank”http:www.africell.coma.

Source : PR Newswire

Leave a Reply


Global Markets Sluggish Wednesday

Asian markets were mixed Wednesday as optimism over a potential coronavirus vaccine earlier this week steadily begins to fade. The Nikkei index in Tokyo gained nearly 162 points to finish 0.7% higher, while Sydney’s S&P/ASX, the KOSPI in Seoul and Taiwan’s TSEC index had all earned 0.4% by late afternoon. Hong Kong and Shanghai were […]

Asian, European Markets Begin Week with Significant Gains

Asian markets are on the rise Monday as more and more nations continue to slowly emerge from the lockdowns imposed to halt the coronavirus pandemic. Tokyo’s Nikkei index closed 0.4% higher, despite news earlier in the day that Japan had technically fallen into recession for the first time since 2010 after two straight quarters of […]