BREAKING NEWS

Telecoms group Orange to sell subsidiary in Niger

Telecoms group Orange to sell subsidiary in Niger
The logo of Orange Egypt Telecommunications Co. is pictured in Cairo, Egypt, March 17, 2019. Picture taken March 17, 2019. REUTERS/Mohamed Abd El Ghany -
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MOHAMED ABD EL GHANY(Reuters)
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NIAMEY (Reuters) – French telecoms group Orange <ORAN.PA> is selling its business in Niger, a company spokesman said on Sunday.

Orange Niger spokesman Roni Alhassane said discussions were ongoing with the buyer, Zamani Com S.A.S., to settle debts owed to creditors and unpaid taxes.

Orange’s operations in Niger have been hit by difficult market conditions. In February, Orange said it was considering all options for the business and that a Niger court appointed an expert earlier this year to examine its situation and support its negotiations with creditors.

(Reporting by Moussa Aksar; Writing by Aaron Ross)

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