Deal Street

Consortium of investors exits 16% stake in Orange Madagascar
Consortium of investors exits 16% stake in Orange Madagascar

A consortium of investors led by Terra Mauricia and Kibo Fund sold its 16% stake in Orange Madagascar.

Orange Madagascar is the earliest operator in the Malagasy telecommunications market and is the dominant player for both data and voice services for individuals and businesses. The company is also a leading provider of financial services through its subsidiary Orange Money Madagascar.