0
General

Cofek accuses Orange of plan to dispose assets cheaply

Friday 2 October 2015 | 09:54 CET | News
The Consumer Federation of Kenya (Cofek) has accused Orange Kenya of planning to sell the firm's assets cheaply ahead of the exit, the Daily Nation said.Cofek Secretary-General Stephen Mutoro said that potential buyers were using Orange Kenya management to undervalue its assets with a view to acquiring them on the cheap and thereafter sell at a profit. Mutoro said the strategy is to undervalue and make Orange Kenya assets appear cheaper than they are.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Orange Kenya
Countries: Kenya
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Orange sells stake in Kenyan unit to Helios Investment

Published 10 Nov 2015 08:15 CET | Kenya
The Orange Group announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70 ...

Orange Kenya may lose internet deal over Kenstream payments

Published 06 Oct 2015 10:46 CET | Kenya
Orange Kenya could lose a contract to linking key state departments to broadband wireless internet, after it pulled the plug on ...

Orange Kenya sued over job distribution

Published 02 Oct 2015 10:56 CET | Kenya
The row over the distribution of jobs at Orange Kenya between local workers and expatriates is now going to court, The Standard ...





Calendar   /   Industry Events

26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct NENT Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Microsoft fiscal Q1
26 Oct FCC meeting
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct MWC Los Angeles
27 Oct TIM Q3 2021
27 Oct Telefonica Deutschland Q3 2021
27 Oct Spotify Q3 2021
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Ooredoo Q3 2021
27 Oct Megacable Q3
27 Oct Twilio Q3
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
28 Oct Swisscom Q3 2021
28 Oct Telenor Q3 2021
::: More Calendar Items