Altech seeks greenlight to sell KDN stake

Tuesday 4 December 2012 | 13:24 CET | News
South Africa's Altech, which owns a 60.8 percent stake in Kenya Data Networks (KDN), has sought approval from the communications regulator to sell its shares to an undisclosed company. According to Business Daily, Altech sent the Communication Commission of Kenya (CCK) a notice asking the regulator not to object to the sale of a majority stake to a strategic investor. Details on the transaction remained sketchy, but sources familiar with the deal told Business Daily that Altech is selling its stake to a UK firm. The CCK said the regulator has received a letter seeking no objection from

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Categories: Fixed
Companies: Altech / Kenya Data Networks
Countries: South Africa
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