Orange telecom set to enter Nigeria, considers partnerships with health companies
Nigeria’s competitive telecom landscape might be heading towards a new wave of disruption as France’s largest telecom operator, Orange, establishes its brand presence in the country. The move, set to take place in a few months, targets Nigeria and South Africa. Orange has a market presence in 18 countries, including the Middle East and Africa, which account for the company’s fastest-growing market.
According to the Chief Executive Officer, Orange, Stephane Richard, the firm would make the move in a few months, and Orange would also be looking at bolstering partnerships with health companies or other institutions.
“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,” Richard said.
He added: “There are chances that the company may eye payment transfers (mobile) in Nigeria.”
While hinting at diversifying into financial services in Nigeria, the group also stated that it makes the largest chunk of its revenue from payment transfers in the Middle East.
Recall that earlier in 2020, Orange had stated that 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.
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