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Kenya: Leading telco Safaricom sees challenges lifted for yumobile buy

By  |  August 6, 2014

East Africa’s largest wireless operator Safaricom has reportedly received good news regarding its efforts to acquire Kenya operator yumobile.

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    Kenya’s telco watchdog has reportedly withdrawn its objections to the $120 million acquisition. Now, reports say Safaricom is expected to file its merger notice to competition regulators soon.

    Safaricom added that it hopes to close the takeover in a matter of months.

    Safaricom and Airtel Kenya announced last March plans to acquire yumobile, the region’s third-largest wireless firm. The assets are currently owned by Essar Telecom Kenya.

    Full content: Businessweek

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