The acquisition was completed after Orange obtained all the official approbations from the relevant authorities.
“We are pleased to announce that the acquisition of the mobile operator Airtel in Burkina Faso has been finalised,” said Bruno Mettling, Deputy Chief Executive Officer of the Orange group and Chairman & CEO of Orange MEA (Middle East and Africa).
Airtel is the 2nd largest mobile operator in Burkina Faso, with close to 4.6 million customers (on the basis of active customers within a 30-day period).
On the mobile financial services market, Airtel is the uncontested leader and is already interoperable with Orange Money in neighbouring countries allowing international transfers to be made.
Airtel is also positioned as the country’s leading Internet provider thanks to its extensive 3.75G network, which has been rolled out in over 100 towns.
With 18 million inhabitants and a relatively high mobile penetration rate for the region (80% of the population), Burkina Faso becomes the 20th country in Africa and the Middle East to join the Orange Group.
This new acquisition will further strengthen the Group’s positions on the African continent.
Orange first announced plans to acquire the telco back in January 2016.
Africa is one of Orange’s key markets. It is present in 19 African countries, and 11 other countries worldwide with over 252 million customers.