French telecom giant Orange is considering selling its 40% stake in Mauritius Telecom, the biggest carrier in the island nation, Bloomberg has reported.
This move comes as Orange reevaluates its assets and considers those in Mauritius non-core to its business strategy.
Discussions about a potential exit are underway with advisors, but Orange hasn’t yet approached Mauritius Telecom’s board regarding a share repurchase. A final decision on the sale is expected by November.
Orange’s decision likely stems from a decreased strategic value of the stake. Since rebranding Mauritius Telecom to MyT and losing its brand presence, Orange’s influence in the Mauritian market has diminished. With a minority stake, Orange also has limited control over the company’s direction.pen_spark
