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Business Companies 08 Feb 2019 Bharti Airtel unit to merge with Telkom Kenya

Business, Companies

Bharti Airtel unit to merge with Telkom Kenya

REUTERS

Published : Feb 8, 2019, 5:49 pm IST

Updated : Feb 8, 2019, 5:49 pm IST

Bharti Airtel was in talks to buy Telkom Kenya, to create a stronger challenger to market leader Safaricom.

India's Bharti Airtel on Friday said its unit, Airtel Networks Kenya Ltd, has agreed to merge with Telkom Kenya Ltd, the East African nation's smallest telecom operator.

Last month, three industry sources had told Reuters that Bharti Airtel was in talks to buy Telkom Kenya, to create a stronger challenger to market leader Safaricom.

The companies will combine their respective mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom, Airtel said, without revealing further details.

Tags: bharti airtel, telkom kenya, merger

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