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Bharti Airtel unit to merge with Telkom Kenya

Reuters  |  NAIROBI 

By Duncan MiririNAIROBI (Reuters) - India's Bharti Airtel said on Friday its unit Airtel Networks Kenya Ltd has agreed to merge with Telkom Kenya Ltd, the East African nation's smallest telecom operator.Three industry sources told Reuters last month that Bharti Airtel was in talks to buy Telkom Kenya to create a stronger challenger to market leader Safaricom.Kenya has one of the most advanced telecoms sectors on the continent, but Safaricom's 65 percent market share has curbed competition and prompted the regulator to mull intervention.Telkom, which is 60 percent owned by London-based Helios ...

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First Published: Fri, February 08 2019. 18:36 IST