Telkom hits back at Safaricom bid to stop its merger with Airtel

Telkom Kenya Chief Executive Mugo Kibati with Chief Corporate Affairs Officer Clare Ruto at a press briefing on the proposed merger of the telco with Airtel Kenya in Nairobi yesterday. [Wilbeforce Okwiri, Standard]

Telkom Kenya yesterday dismissed Safaricom’s attempt to stop its proposed merger with Airtel Kenya, saying the telco has no grounds to do so.

Managing Director Mugo Kibati said the request by Safaricom to the industry regulator to halt the ongoing merger transaction threatens to erode the gains realised from the liberalisation of the telecoms market.