France Telecom Pretends to Purchase ZTE's share in Congo China Telecom

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France Telecom Pretends to Purchase ZTE's share in Congo China Telecom France Telecom Pretends to Purchase ZTE's share in Congo China TelecomFrance Telecom Pretends to Purchase ZTE's share in Congo China Telecom

 

19 July 2011

France Telecom entered discussion with ZTE Corp. to buy the Chinese company's 51% share in Congo China Telecom, one of largest mobile operators in the Democratic Republic of Congo.
This step demonstrates a France telecom’s continued move from the saturated European market to the new opening telco frontiers across Africa and the Middle East.
The carrier bought a 20%-share in Iraq's Korek Telecom in March, and 40% of Morocco's Meditel. France Telecom now operates in Cameroon, Ivory Coast, and Kenya.
The Congo's government noted that France Telecom's offers are "very advanced." ZTE didn’t comment on the situation.

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