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Cabinet reverses Telkom purchase, firm to refund Sh6.09 billion

Cabinet has rescinded a decision to purchase a 60 per cent stake in Telkom from Helios Investment Partners for Sh6.09 billion, and now wants the the company to refund the money.

Helios Investors LLP is based in the UK while its partner/subsidiary Jamhuri Holdings Limited is based in Mauritius.

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