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Airtel's Kenyan unit abandons plan to merge with Telkom: sources

Reuters  |  NAIROBI 

NAIROBI (Reuters) - The Kenyan unit of Bharti Airtel has abandoned plans to merge with Telkom Kenya to take on the market leading operator Safaricom, industry and government sources said on Monday.Sources said in April that Airtel and Telkom Kenya were planning to merge to create a stronger challenger to Safaricom, which has 72 percent of subscribers, or around 30 million subscriptions."Airtel developed cold feet," said an industry source who declined to be named. Airtel, owned by India's Bharti Airtel, did not respond to a request for comment.Joe Mucheru, the minister for information and ...

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First Published: Mon, June 11 2018. 18:33 IST