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Posts Tagged ‘bailout’

  • Orange Kenya CEO willing to step down

    March 28, 2012 • Mobile and Telecoms, Top StoriesComments Off on Orange Kenya CEO willing to step down

    Orange Kenya CEO Mickael Ghossein said he would step down at the Kenyan Treasury’s request, but said no such request had been made. Ghossein’s comments come after the government demanded more representation within the company’s management as a...

  • Telkom Kenya denies bailout claims

    March 28, 2012 • Mobile and Telecoms, Top StoriesComments Off on Telkom Kenya denies bailout claims

    Less than a week after Telkom Kenya reportedly was in need of a massive government bailout to save the company, top officials are now denying these claims. According to Telkom Kenya Chairman Eddy Njoroge, who on Monday and Tuesday dispelled last week’s...

  • Orange Kenya needs $120m bailout

    March 22, 2012 • Mobile and Telecoms, Top StoriesComments Off on Orange Kenya needs $120m bailout

    Telecom operator Orange Kenya has asked the government for a KES 10 billion ($120 million) bailout, news reports revealed on Wednesday. The move comes as the company continues to incur massive debts following its 2007 buyout by France Telecom. Orange made a...

  • Bail out struggling telecom operators, Nigerian govt urged

    September 23, 2010 • Mobile and Telecoms, Top StoriesComments (1)

    THE president of the Association of Licensed Telecommunications Operators of Nigeria has called on the federal government to bail out the Code Division Multiple Access telecoms operators in the country. Gbenga Adebayo, who spoke against the huge decline in...