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General

Safaricom seeks to block sale of Orange Kenya over debt

Wednesday 2 December 2015 | 14:38 CET | News
Kenyan operator Safaricom has moved to court claiming damages if the sale of Orange Kenya is concluded before it's paid outstanding debts. Safaricom said several attempts to recover the debt from Orange Kenya have failed. The court is set to give directions on the matter on 2 December, Business Daily reported. Pending the hearing of the case, Safaricom requested an interim temporary injunction restraining Orange Kenya from finalising the sale by its parent company. It also wants the court to order Orange Kenya to either deposit KES 639 million in cash with the court or issue a bank guarantee

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