Airtel Kenya signs agreement with Telkom Kenya to combine operations

Both companies to merge Mobile, Enterprise and Carrier Services businesses in Kenya to operate as - 'Airtel- Telkom'

Deepthi | Myequity news | Date : 08-02-2019 16:10:00 IST

Airtel Networks Kenya Limited (Airtel Kenya) signed agreement with Telkom Kenya Limited (Telkom Kenya) for merging their respective Mobile, Enterprise and Carrier Services businesses in Kenya to operate as - 'Airtel-Telkom'. The finalisation and closure of the transaction is subject to approval by the relevant authorities.

As per the agreement, both the partners will combine their operations in Kenya and establish an entity with enhanced scale, operational efficiency and strategic brand presence. The entity will invest in networks to further accelerate roll out of future technologies. The Enterprise and Carrier Services businesses should benefit from a larger fibre footprint and an increased number of enterprise customers - including both large corporations and SMEs who would have access to a diverse portfolio of world-class solutions.

About Bharti Airtel Limited:

Bharti Airtel Limited is a leading global telecommunications company with operations in 18 countries across Asia and Africa. Headquartered in New Delhi, India. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, enterprise services including national & international long distance services to carriers .

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