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Orange, the French telecoms giant, has signed an agreement to acquire Tigo DRC, the fourth largest mobile operator in the Democratic Republic of Congo, for $160 million.

In a press statement released on Monday, Orange said the acquisition of Tigo DRC would significantly reinforce its presence in the DRC, which is the second largest mobile market in Central and West Africa after Nigeria.

Tigo DRC, which is owned by Millicom, has about 6.4 million subscribers in the DRC while Orange has about 5.9 million subscribers in DRC. The top three mobile operators in the DRC are: Vodacom (12.8 million), Airtel (12.5 million) and Africacell (9.5 million).

“This acquisition underlines Orange’s strategy in Africa which aims at developing and maintaining leading competitive positions across its various countries of operations on the continent,” the statement said.

Orange has been on an acquisition spree in Africa. Last month, Orange acquired Bharti Airtel’s operations in Burkina Faso and Sierra Leone for $900 million as well as Cellcom Telecommunications, the second largest mobile operator in Liberia.

The company has operations in over 20 African countries, including Cameroon, Ivory Coast, Niger, Mali, Tunisia, Kenya, Egypt, etc.