French-based telecoms provider Orange Group has signed an agreement with Bharti Airtel of India to acquire the latter’s operations in Burkina Faso and Sierra Leone for 7.9 times Airtel’s EBITDA in the two countries at 31 March 2016. According to an Orange Group press release, the acquisitions will be implemented in partnership with the operator’s subsidiaries in Cote d’Ivoire and Senegal. Orange said that the two deals mark an important step forward in Orange’s dynamic growth strategy and will bring the group’s African footprint up to 20 countries in 2016. The two transactions are subject to customary regulatory approvals.
As previously reported by TeleGeography’s CommsUpdate, in July 2015 Bharti Airtel entered into exclusive talks with Orange regarding the sale of four of its mobile operations in Africa, namely Chad, Sierra Leone, the Republic of Congo and Burkina Faso. Orange however said that the discussions for the acquisition of Airtel Chad and Airtel Congo have since lapsed.