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CA suspends merger of Telkom and Airtel Kenya amid graft probe

Wednesday 28 August 2019 | 09:25 CET | News
The Communications Authority of Kenya (CA) has suspended the merger of Telkom Kenya and Airtel Kenya, pending investigations by the anti-corruption watchdog into how the deal was brokered, Business Daily reported. A separate probe is looking at the circumstances under which the Treasury ceded further ownership of Telkom Kenya to Orange, which later sold its stake to private equity fund Helios.

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Categories: Mobile & Wireless
Companies: Airtel Kenya / Orange Kenya / Telkom Kenya
Countries: Kenya
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