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NAIROBI, KENYA: Communications Authority of Kenya (CAK) has given preliminary approval to a joint bid by Safaricom and Airtel for the mobile assets of Essar Kenya and the final nod could be given next month.
The two firms lodged a joint bid valued at $100 million to buy the assets of Essar Kenya, which operates under the "Yu" brand in the east African nation, in February this year.
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