Orange exits Kenya market after Helios deal

Orange mobile, Kenya

Orange mobile, Kenya

From MARIA MACHARIA in Nairobi, Kenya

NAIROBI, (CAJ News) – THE Orange Group has announced a binding agreement with Helios Investment Partners for the sale of its entire 70 percent stake in Telkom Kenya.

The finalization of the transaction remains subject to approval from the relevant authorities.

Officials said the signature reflected Orange’s constant focus on optimising its portfolio of assets.

“The Africa and Middle-East region is a strategic priority for the Group,” the company stated.

Telkom Kenya is the country’s sole fixed-line operator and is the third player in the mobile market. It was established as a telecommunications operator under the Companies Act in 1999.

The company, which operates a high-quality mobile data network, had four million mobile customers at the end of June 2015 according to figures published by the East African country’s mobile network, regulator, the Kenya Communications Commission.

Orange is one of the world’s leading telecommunications operators with a presence in 28 countries. The Group has a total customer base of 263 million customers worldwide at 30 September 2015.

– CAJ News

Short URL:

Posted by on Nov 10 2015. Filed under Africa & World, Broadband, Featured, Finance, Mobile & Telecoms, National, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

CAJ News Sponsored Links

Commonwealth Technology Organisation

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.