Telkom Kenya returns to state hands - Mobile World Live

Telkom Kenya returns to state hands

04 OCT 2022

Helios Investment Partners sold its 60 per cent stake in Telkom Kenya to the country’s government in a KES6.1 billion ($50.5 million) deal, bringing the curtain down on 20 years of private ownership, Business Daily reported.

The publication noted the National Treasury decided to exercise a pre-emptive right to acquire Helios’ share after it opted to exit. Prior to the move, the government government held the remaining 40 per cent in Telkom Kenya.

Business Daily reported the government stepped in to prevent Helios selling to outside investors.

A failed bid to merge Telkom Kenya with Airtel Kenya reportedly dulled Helios’ appetite to maintain its stake.

GSMA Intelligence connection figures for Q2 put Telkom Kenya on 3.4 million, Airtel Kenya on 17 million and Safaricom on 42.7 million.

Helios acquired Telkom Kenya  from Orange in 2016.

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Hana Anandira

Prior to joining GSMA, Hana worked in the world of publishing as an editor and contributor for three years, covering a wide range of interests that span from culture and politics to architecture. She has written for Jakarta- and London-based...

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