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HomeNewsTelecom NewsAirtel Kenya & Telkom Kenya to merge
Saturday, 09 February 2019 07:11

Airtel Kenya & Telkom Kenya to merge

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Airtel Networks Kenya and Telkom Kenya will now be merged. As per Bharti Airtel, the merger will help Airtel merge stronger in the east African market. 

The merger, analysts said, will also boost valuation in the runup to its initial public offer (IPO) in Africa, likely in May-June.

The merged entity will be known as Airtel-Telkom, which will invest in networks to further accelerate rollout of future technologies, as per Airtel statement.

Telkom Kenya is 60% owned by UK private equity firm Helios Investment Partners and the rest by the Kenyan government. It’s the third-largest telco in that country, with over 5 million users, behind market leader Safaricom with over 30 million and Airtel Kenya, with over 10 million customers. 

The combined entity will have over 31% customer market share, while Safaricom has 60% base.

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