France Telecom threatens to pull out of Telkom Kenya

Tuesday 13 April 2010 | 10:53 CET | News
France Telecom and the Kenyan government have ended the first phase of negotiations concerning the French group's USD 385 million claim over Telkom Kenya, Kenya's Daily Nation reported. France Telecom is threatening to pull out of the company, in which it has a 51 percent stake, if problems are not addressed soon, sources familiar to the negotiations said. France Telecom said it was not able to trace some assets that were on the books of Telkom Kenya when the French company bought its stake from the government in 2007. Sources told the EastAfrican daily that in addition to the original USD

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Categories: General
Companies: France Telecom / Orange Kenya / Safaricom
Countries: France / Kenya
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