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Airtel and Telkom Kenya said to seek merger to take on Safaricom

A merger of Telkom and Airtel will result in a new company with 77 megahertz of spectrum, compared with just 47 for Safaricom

Reuters  |  Nairobi 

Telkom Kenya plans to merge operations with Indian-owned Bharti Airtel's local unit as a first step to acquiring all of Airtel's assets, sources said on Tuesday, creating a stronger challenger to market leader Safaricom. The two operators have a combined 23 percent of Kenya's 41 million mobile subscribers, but have long struggled to compete with Safaricom, which has a 71.9 percent market share. The disparity is even wider in revenue terms, with Safaricom, which is 35 per cent held by South Africa's Vodacom, enjoying more than 90 per cent in both voice and short ...

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First Published: Tue, April 10 2018. 23:39 IST