Helios must get it right where others have failed

Finally, France’s Orange has announced it’s selling its 70 per cent stake in Telkom Kenya to Pan-Africa-focused equity fund, Helios Investment Partners.

The Frenchmen are following in the footsteps of the Ruia brothers who last year sold yuMobile and retreated to India. But as the two operators throw in the towel after years of bleeding billions of shillings in losses, Safaricom is enjoying one of its best years as it celebrates 15 years in operation. As reported by Business Beat last week, the mobile services operator expects its full-year net profit to be in the range of Sh35.5 billion to Sh36.5 billion.