The Liberia Telecommunications Authority (LTA) has announced its approval and issued a letter of “No Objection” to Cellcom Telecommunications Inc., in its 100% acquisition by Orange France through its subsidiary Orange Cote d’Ivoire.
A statement from the LTA said the process “included the careful review of supporting documentations by several government agencies.”
In a letter signed by the Acting Chairperson Harry T. Yuan, Sr., the statement said, the LTA informed Cellcom that the regulatory body expects uninterrupted services during the transition period for Cellcom subscribers.
“The acquisition by the Orange Brand is a positive move for the Liberian Telecommunications Sector,” the LTA said.
The approval paves the way for the finalization of the acquisition which will lead to a 100% takeover of Cellcom Telecommunications Inc. Over the weekend, Cellcom said in a statement that its founders and employees will continue to be engaged in the business to ensure a smooth integration, support performance and continuing long-standing relations with the Government.
“The acquisition of Cellcom by Orange will bring the global resources of Orange into the Liberian market to accelerate Cellcom’s growth and its leading position in innovative services, quality of service, customer care, and affordability,” the company said.
“Cellcom assures its many loyal customers that the future is bright and that as their number one service provider, it will continue to provide first class service under its new ownership.
“Cellcom expresses its thanks to the President and the Government of Liberia for their vision and active support in attracting a world-class brand to make a heavy long-term investment in the country and to the LTA for its instrumental role in reviewing the transaction and providing its technical approval,” the statement said.