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Telkom CEO Mugo Kibati last week came out to defend the proposed merger between his company and Airtel Kenya as necessary for the survival of Telkom. “This transaction will be good not only for Telkom Kenya but also for stimulating competition in the industry that will now have a strong number two,” he said.
“This is the only market globally that has the kind of dominance by one actor that we see in this country and the potential of market failure and ending up with a monopoly is real,” said Mr Kibati.
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