Orange Considers Uganda, Kenya Stake Sales in Africa Review
Under Chief Executive Officer Stephane Richard, Orange has sold assets in countries... Read More
Orange SA (ORA) said it is considering cutting its holdings in Kenya and Uganda, potentially scaling back investments by the largest French phone carrier in Africa.
Its options for Uganda and Kenya include finding new financial or operational partners to help invest in phone networks and support the development of the mobile carriers, Tom Wright, a spokesman for the Paris-based company, said in an e-mailed statement. Orange owns 95 percent of Orange Uganda and and 70 percent of Telkom Kenya, he said.
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