France Telecom wins Niger licence
Consortium led by France Telecom wins lucrative mobile licence for Niger.
The government of Niger has awarded a fixed-mobile-internet licence to a consortium led by France Telecom, for euro48 million ($71.1 million).
France Telecom joined forces with two private investors for the bid: Mohamed Rissa, a business leader from Niger who specialises in telecom and internet services, and Moctar Thiam, a long-standing investor in Orange Mali.
France Telecom said the investment is "fully in line with its targeted development strategy on high-growth markets," and that the deal will strengthen its presence in West Africa. France Telecom is already present in 12 African countries including five in West Africa.
With a population of around 13 million people, and a mobile penetration rate of less than 5%, France Telecom expects strong growth in the country.
The deal follows closely from France Telecom's recent acquisition of a 51% stake in Telkom Kenya for $390 million.