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General

Orange in final talks to sell Kenyan mobile stake

Friday 2 October 2015 | 09:49 CET | News
The Kenyan government says France's Orange is in the final round of negotiations with an unidentified party to sell its 70 percent stake in Orange Kenya, Reuters reported, as confirmed by Treasury Cabinet Secretary Henry Rotich. If successful, Orange will be the latest international operator to quit Kenya, where Safaricom, part owned by Vodafone, has the majority of subscribers. Without naming the other party, Rotich said he expected the transaction to be completed "very soon", probably before the end of year. Orange paid USD 390 million for its stake in 2007, aiming to capitalise on what

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Categories: General
Companies: Orange Kenya / Safaricom / Vodafone
Countries: Kenya
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