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Airtel Kenya to merge with Telkom Kenya

IANS  |  Mumbai 

Airtel Kenya, a subsidiary of Bharti Airtel, on Friday announced its merger with and said the merged entity will operate as Airtel-

The new entity will invest in networks to accelerate the roll-out of future technologies, said in a regulatory filing.

"Limited today announced the signing of an agreement by its subsidiary, Airtel Networks Limited (Airtel Kenya), with Limited (Telkom Kenya) for merging their respective mobile, enterprise and in Kenya to operate as Airtel-Telkom," it said.

The finalisation and closure of the transaction is subject to approval by the relevant authorities.

"The enterprise and 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," it said.

The statement, however, did not mention any time frame for the merger to be completed.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 21:32 IST
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