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Kenya: Anti-corruption body halts Telkom-Airtel merger

By  |  August 29, 2019

The government’s anti-graft commission in Kenya stated on Wednesday, August 28, that it had suspended a planned merger of Airtel Kenya with partly state-owned Telkom Kenya, pending a probe into allegations about the misappropriation of public funds at Telkom.

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    Bharti Airtel, based in India, announced in February that its Airtel Networks Kenya unit had agreed to buy Telkom Kenya, the East African nation’s smallest telecommunications services provider, in which the state still has a 40% holding after a majority stake was sold in 2007.

    The combined entity would create a stronger challenger to Safaricom, which now controls nearly two-thirds of the market in terms of subscribers.

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