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General

Investors eye Orange Kenya's KES 13 bln real estate assets

Tuesday 29 September 2015 | 10:00 CET | News
Investment firms fighting to take over Orange's stake in Orange Kenya are mainly eyeing the company's KES 13 billion real estate assets, an Orange valuation report shows, as reported in Business Daily. The report, which Orange prepared ahead of failed negotiations to sell the stake to Nigerian investors, shows that land, together with frequency spectrums and a vast fibre optic cables network, top the list of assets that the French company is using to entice suitors as it prepares to exit the Kenyan market.

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Categories: General
Companies: British Telecom / Orange Kenya
Countries: Kenya
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