Madagascar tycoon to buy Zuku parent firm Wananchi Group

Zuku was the dominant player in the fixed wireless internet market a decade ago with a 49 per cent market share. [File, Standard]

Wananchi Group, which owns the Zuku brand, is planning to sell the company to Axian Telecom Fibre of Mauritius.

According to filings that the two companies have made at the Comesa Competition Commission, Axian will acquire 99.63 per cent of Wananchi. Axian Telecom Fibre, the filings show, is a newly incorporated subsidiary of Axian Telecom Ltd.