France’s Orange Group has responded to recent reports that it is looking to sell off its Ugandan unit, confirming that it is indeed looking to ‘revise its position in the ownership structure of Orange Uganda’ later this year. Orange explained in a press release that after a capital increase in 2013, it now controls more than 95% of the cellco, and has begun looking for a new partner. The French group remained vague regarding specific plans, however, and hinted that an existing telco may look to take over the unit, or enter into a partnership with Orange: ‘At a time when a consolidation phase has already begun in Uganda and the first benefits can already be felt across the market, Orange Uganda has all the necessary attributes to succeed.’
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