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France’s Orange Is Said to Weigh Options for African Towers

  • Orange may group towers by geography, find investors
  • Assets may fetch a valuation of about $1 billion in a deal
Opening Day of Mobile World Congress Barcelona 2022
Photographer: Angel Garcia/Bloomberg

Orange SA is considering strategic options for its African and Middle Eastern mobile towers business, including stake sales, according to people familiar with the matter. 

The French phone company, which operates in 18 countries across the region, could also carve out the assets into units based on geography, the people said, asking not to be identified because the discussions are private. Orange is studying a range of options, including selling the towers by country, offloading the portfolio as a whole, sharing towers with other operators or holding an initial public offering, they said.