CA opens door for Airtel-Telkom merger approval
SEE ALSO :Mobile cash transfers fall 30 per centThe merge plans will further consolidate the industry after the exit of YuMobile (Owned by Essar Telecom) after a joint acquisition by Safaricom and Airtel in 2014. Airtel and Telkom Kenya in February announced plans to merge in a move that has been the subject of heated public debate and whether the combined businesses will be able to challenge Safaricom that controls more than 80 per cent of certain segments of the industry. The new outfit will bring together certain aspects of each business, specifically the mobile, enterprise and carrier service businesses. It will not, however, benefit from some of the assets of its predecessors, including telecommunication masts. Airtel and Telkom have over the recent past sold off many of their assets, leaving them with just the bare minimum. In a statement following the announcement that they would merge, Telkom said its prime real estate portfolio and specific government services would not form part of the combined entity.
We are undertaking a survey to help us improve our content for you. This will only take 1 minute of your time, please give us your feedback by clicking HERE. All responses will be confidential.