Orange sells 70% stake in Telkom Kenya

Orange reinforces connectivity on the West African Coast
Orange reinforces connectivity on the West African Coast

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The finalisation of the transaction remains subject to approval from the relevant authorities.

The Orange Group has revealed that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya.

According to the Orange Group, the finalisation of the transaction remains subject to approval from the relevant authorities.

This signature reflects Orange’s constant focus on optimising its portfolio of assets. The Africa and Middle-East region is a strategic priority for the Group.

Telkom Kenya is the country’s incumbent fixed-line operator and is the third player in the mobile market. The company, which operates a high-quality mobile data network, had four million mobile customers at the end of June 2015 according to figures published by the regulator.

Staff Writer