France Telecom is eyeing the acquisition of smaller companies in the Middle East, Africa and Asia, after walking away from its bid for European telco TeliaSonera.
France Telecom launched fixed-line, mobile and Internet services yesterday in Niger under the Orange brand and is considering further emerging markets acquisitions.
Finnish-Swedish company TeliaSonera rejected the French firm’s US$41.8 billion offer as too low. The French telco is known to be considering deals in Algeria and Vietnam, while analysts suggest the Egyptian operator Orascom Telecom is also being contemplated.