The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Telkom Kenya defaulted on its Sh4 billion payment to ATC Kenya under their Master Lease Agreement for a tower sale and leaseback transaction struck in 2018. [File, Standard]
Telkom Kenya's creditors want the government to facilitate the repayment of billions of shillings in debt that the State-owned telecommunications firm owes them before a new strategic investor is allowed to come on board.
This comes even as the firm is in the midst of negotiations to strike a deal that will give it a new lease of life.
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