The Kenyan government has selected France Telecom as the preferred bidder for the acquisition of a 51% stake in the Telkom Kenya. The transaction is planned to close before the end of the year. Telkom Kenya serves over 2,80,000 fixed line customers and will benefit from a new mobile license.
Anil Ambani-owned Reliance Communications (RCOM) was one of the four players to submit a bid for a majority stake in Telkom Kenya earlier this week. Along with RCOM, the others who lost out include South Africa’s Telkom and the Lap Fund of Libya.
Source: Cellular News
No comments:
Post a Comment