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Kenya has acquired an additional 10 per cent stake in Telkom Kenya for a symbolic Sh1 from the company’s new owners, Helios Partners.
National Treasury Cabinet Secretary Henry Rotich said late Friday that Orange, the previous owners, had completed the sale of the entire stake of 70 per cent to the UK firm. Helios Partners will now control 60 per cent stake through a Mauritius-registered company, Jamhuri Holdings. The transaction value was however not given although it is thought to be about Sh8 billion.
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