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Wireless

Telkom Kenya blames government for delay to merger with Airtel

Thursday 24 October 2019 | 10:55 CET | News
The deal has been authorised by the Treasury, which co-owns the operator with UK private equity firm Helios Investment Partners (60 percent). Kibati said the attorney-general was clear that the two firms did not require Cabinet approval but the operators went the extra mile to ask the executive for approval, but have not received feedback. He added that the failure by Cabinet to give word on the transaction was partly the reason why regulatory authorities had been slow to approve the merger.

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Categories: Mobile & Wireless
Companies: Airtel Kenya / Safaricom / Telkom Kenya
Countries: Kenya
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