Orange, France’s largest telecoms group, is extending its operation to the Nigerian, and South African markets in a few months. The Chief Executive Officer, Orange, Stephanie Richard said, “It could make sense to be in economies such as Nigeria and South Africa.” He also said, “If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”
Foreign Direct Investment (FDIs) are always an economical gain for developing countries. This is indeed a welcome development for the Nigeria market. Orange Telecoms has always had their eyes on the African continent.
What To Know About Orange Telecoms.
France’s Telecom giant worked together with MTN Group to launch an African mobile payment company, Mowali. Orange telecoms are also in a consortium to build one of the largest subsea projects in the world. Also, this project will connect 23 countries in Africa, the Middle East, and Europe. The major shareholders of Orange, are the state of France (23%) and a public float of (77%).
The telecoms giant has 266 million customers worldwide and employs 89,000 people in France, and 59,000 elsewhere. It is also, the tenth-largest mobile network operator in the world and the fourth largest in Europe after Vodafone, Telefónica, and Veon.
The company is a component of the Euro Stoxx 50 stock market index. Orange Telecoms operates in 18 African countries, including Botswana and the DRC, with one-tenth of the market share of African mobile users.
Recently, Orange showed interest and was in a tight bid with MTN for the purchase of a mobile license in Ethiopia. The company’s fastest-growing market is the Middle East and Africa which generates annual sales of about 5 billion Euros.
Earlier this year, Orange merged all its businesses in the two regions to create a single entity. Africa is indeed a fertile ground for one of its major products – IPTV (Internet Protocol Television). Nigeria, the world’s most populous black nation is a hotbed for Orange Telecoms Internet Protocol Television (IPTV).
Internet Protocol television (IPTV), is the delivery of television content over Internet Protocol (IP) networks. Also note that, this is in contrast to delivery through traditional terrestrial, satellite and cable television formats.
Unlike downloaded media, IPTV offers the ability to stream the source media continuously. As a result, a client media player can begin playing the content (such as a TV channel) almost immediately.