Orange Said to Mull 40% Stake Sale in Carrier, Exiting Mauritius
- Orange has discussed about potential exit plan with advisers
- Mauritius Telecom has first right to buy back Orange shares
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Orange SA is weighing a sale of its 40% stake in Mauritius Telecom Ltd. as the assets are no longer considered as core, people with knowledge of the matter said.
The French company has discussed about its potential exit plan with advisers, according to the people who asked not to be identified as the information is confidential, yet Orange hasn’t formally engaged with Mauritius Telecom’s board on its interest in a share buyback, one of the people said. A decision could be made in November, another person said.