By Roger Field
Consortium led by France Telecom wins lucrative mobile licence for Niger.
The government of Niger has awarded a fixed-mobile-internet licence to a consortium led by France Telecom, for euro48 million ($71.1 million).
France Telecom joined forces with two private investors for the bid: Mohamed Rissa, a business leader from Niger who specialises in telecom and internet services, and Moctar Thiam, a long-standing investor in Orange Mali.
France Telecom said the investment is "fully in line with its targeted development strategy on high-growth markets," and that the deal will strengthen its presence in West Africa. France Telecom is already present in 12 African countries including five in West Africa.
With a population of around 13 million people, and a mobile penetration rate of less than 5%, France Telecom expects strong growth in the country.
The deal follows closely from France Telecom's recent acquisition of a 51% stake in Telkom Kenya for $390 million.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.