Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 11 2019

Bharti Airtel's subsidiary to merge with Telkom Kenya

Both the companies will be combining their mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom.

Airtel Kenya Ltd, a subsidiary of Bharti Airtel, has agreed to merge with Telkom Kenya Ltd, the East African nation's telecom operator. This merger will help the Sunil Mittal-led telco emerge stronger in the east African market.

Both the companies will be combining their mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom. The new entity will invest in networks to further accelerate the roll-out of future technologies.

Telkom Kenya is 60% owned by Helios Investment Partners, the UK private equity firm, and the remaining by the Kenyan government.

Airtel's statement said, "Bharti Airtel Limited announced the signing of an agreement by its subsidiary, Airtel Networks Kenya Limited (Airtel Kenya), with Telkom Kenya limited (Telkom Kenya) for merging their respective mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom."

"The enterprise and carrier services businesses should benefit from a larger fibre footprint and an increased number of enterprise customers, including both large corporations and SMEs who would have access to a diverse portfolio of world-class solutions," it added.

Comment
image
Related opportunities
  • Gyms and Fitness Centres
     About Us: Plus Fitness is an award winning, Australian originated, leading..
    Locations looking for expansion Gujarat
    Establishment year 1996
    Franchising Launch Date 2009
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets 200-500
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Tea and Coffee Chain
    About Us: Started in Delhi’s Lajpat Nagar, ‘How You Brewing’ is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Fine Dine Restaurants
    About Us: A high end fine dine stand alone restaurant is..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Bars, Pubs & Lounge
    About Us: A multi-award winning, trendy resto-bar by Rachel Goenka, located..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities