Deals
Ivory Coast May Sell Stake in Orange Phone Unit on Exchange
- Move would boost privatization of telecommunications industry
- Orange's wireless operator is merging with landline provider
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Ivory Coast is considering the sale of its minority stake in the local unit of French wireless operator Orange SA on the regional stock exchange. That would add the West African nation’s telecommunications industry to a privatization program that already covers industries such as banking and agribusiness.
“It’s something that’s being considered,” Bruno Kone, Ivory Coast’s minister of digital economy and postal services, said in a phone interview on Wednesday. “There’s no pressure. The state will appreciate the right time to sell on the bourse.”