Airtel-Telkom merger in Kenya hits rock

Airtel-Telkom merger in Kenya hits rock

Airtel Africa Plc has announced the termination of a merger between its Kenyan subsidiary and another telecommunications company in the country, Telkom. Airtel Africa recalled in a corporate filling at the Nigeria Stock Exchange (NSE) on Wednesday that both Airtel Kenya and Telkom Kenya Limited amongst other parties, had entered into an agreement dated 8th February, 2019 to combine their businesses in Kenya. This was targeted at creating an integrated telecommunications platform with mobile, enterprise, and wholesale divisions. The completion of the transaction was subject to the satisfaction of various…

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