0
General

Orange sells stake in Kenyan unit to Helios Investment

Tuesday 10 November 2015 | 08:15 CET | News
The Orange Group announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70 percent stake in Orange Kenya. Orange said the completion of the transaction remains subject to approval from the relevant authorities. The deal reflects Orange's constant focus on optimising its portfolio of assets, and the Africa and Middle East region remains a strategic priority for the group. Orange Kenya is the country's incumbent fixed line operator and the third player in the mobile market. The company had 4 million mobile customers at the end of June,

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: Helios Towers / Orange / 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

Helios takeover of Orange Kenya delayed

Published 25 May 2016 14:44 CET | Kenya
Private equity firm Helios' acquisition of a 60 percent stake in Orange Kenya has been delayed by failure of the cabinet to ...

Orange Kenya pays KES 300 mln in CA arrears

Published 20 Apr 2016 10:21 CET | Kenya
Orange Kenya has paid KES 300 million in part settlement of the KES 1.5 billion it owed to the Communications Authority of Kenya ...

African mobile market consolidation gets underway in search for growth

Published 10 Feb 2016 12:31 CET | Africa
The African mobile market has started a new round of consolidation, with Orange taking the lead as others such as Airtel and ...

Orange buys Airtel operations in Burkina Faso, Sierra Leone

Published 13 Jan 2016 09:09 CET | Burkina Faso
Orange is continuing its acquisition drive in Africa and has agreed to acquire Bharti Airtel's operations in Burkina Faso and ...

Orange Kenya to lay off 500 workers

Published 18 Dec 2015 09:05 CET | Kenya
Orange Kenya announced that 500 workers could lose their jobs in a restructuring plan. In the statutory notification to the ...

Kenya to raise stake in Orange Kenya

Published 10 Dec 2015 09:04 CET | Kenya
Kenya plans to buy back 12 million shares, equivalent to 10 percent in Orange Kenya, raising its total shareholding to 40 ...

Safaricom seeks to block sale of Orange Kenya over debt

Published 02 Dec 2015 14:38 CET | Kenya
Kenyan operator Safaricom has moved to court claiming damages if the sale of Orange Kenya is concluded before it's paid ...

CA says not aware of Orange Kenya sale

Published 24 Nov 2015 09:35 CET | Kenya
The Communication Authority said it had not received any formal communication from Orange about the pending sale of a 70 percent ...

Orange Kenya to shed 600 staff before Helios sale - report

Published 18 Nov 2015 09:38 CET | Kenya
About 600 Orange Kenya employees could lose their jobs before year-end as the French parent clears house before it sells its ...

Kenya parliament may not review Orange stake sale to Helios

Published 16 Nov 2015 11:58 CET | Kenya
Orange deal France Telecom's intended sale of a 70 percent stake in Orange Kenya to Helios has been termed a private transaction, ...

CA insists Orange Kenya sale is subject to debt clearance

Published 12 Nov 2015 08:43 CET | Kenya
The Communications Authority of Kenya (CA) has threatened to scuttle the sale of French company Orange's 70 percent stake in ...

CA says Orange to pay KES 1.5 bln debt before exiting Kenya

Published 09 Nov 2015 10:50 CET | Kenya
Orange must pay a KES 1.5 billion debt to get approval for the sale of its 70 percent stake in Orange Kenya, the Communication ...

Orange Kenya denies racial discrimination, harassment

Published 06 Oct 2015 13:33 CET | Kenya
Orange Kenya has dismissed allegations of racial discrimination, harassment and domination on Kenyan staff. It said that the ...

Cofek accuses Orange of plan to dispose assets cheaply

Published 02 Oct 2015 09:54 CET | Kenya
The Consumer Federation of Kenya (Cofek) has accused Orange Kenya of planning to sell the firm's assets cheaply ahead of the ...

Orange in final talks to sell Kenyan mobile stake

Published 02 Oct 2015 09:49 CET | Kenya
The Kenyan government says France's Orange is in the final round of negotiations with an unidentified party to sell its 70 ...

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

Published 29 Sep 2015 10:00 CET | Kenya
Investment firms fighting to take over Orange's stake in Orange Kenya are mainly eyeing the company's KES 13 billion real estate ...

Orange Kenya targets KES 1 bln from asset sales

Published 23 Sep 2015 09:17 CET | Kenya
Orange Kenya has stepped up the sale of its assets by listing seventeen properties with an estimated value of KES 1 billion, at a ...

Orange Kenya wrangles stall fibre cable project

Published 22 Sep 2015 10:48 CET | Kenya
Talks on the sale of Orange Kenya have stalled the installation of the National Optic Fibre Backbone Infrastructure (Nofbi), a ...