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Orange Kenya says looking for investment partner not buyer

Wednesday 16 April 2014 | 12:46 CET | News
Orange Kenya has denied acquisition reports, saying that the operator is searching for strategic partners but not buyers, as it plans to inject funds and sustain the business. CEO Mickael Ghossein told a media briefing that the firm will be injecting over KES 2.5 billion as it seeks to transform its operation to enhance service delivery and increase market share. This investment is already being realised through strong first quarter performance. The capital expenditure is targeted at rolling out an 3G network across the country, expanding the national fibre backbone and launching the Multi

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Categories: Fixed / Mobile & Wireless
Companies: Eassy / Orange / Orange Kenya
Countries: Kenya
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