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Telkom Kenya debts threaten to derail strategic deal

Telkom Kenya defaulted on its Sh4 billion payment to ATC Kenya under their Master Lease Agreement for a tower sale and leaseback transaction struck in 2018. [File, Standard]

Telkom Kenya's creditors want the government to facilitate the repayment of billions of shillings in debt that the State-owned telecommunications firm owes them before a new strategic investor is allowed to come on board.

This comes even as the firm is in the midst of negotiations to strike a deal that will give it a new lease of life.

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