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Airtel swallows Telkom for 32pc stake

Airtel Shop on Koinange Street.

Airtel Kenya is swallowing Telkom Kenya in an arrangement that London-based Helios Investment Partners banks on to fatten the investment for a profit before exit.

Telkom Kenya would become a minority partner with a 32 per cent stake in the merger with Airtel Kenya, in their plan to take on Safaricom, the telecoms market leader.

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