Telkom Kenya owes billions to regulator, Safaricom, MPs told

Telkom Kenya owes the regulator Sh7.2 billion that stands unpaid. [File, Standard]

Telkom Kenya owes up to Sh47 billion to shareholders, suppliers and regulators. This is part of startling revelations made on Tuesday by Telkom Kenya Board Chairman Eddy Njoroge and Communication Authority of Kenya Director General Ezra Chiloba.

The two appeared separately before a joint parliamentary inquiry into the controversial Sh6 billion transaction where the government was seeking to buy out Helios Investment Partners a few days to last year's General Election.