Anticorruption body halts Telkom Kenya and Airtel Kenya deal to conduct probe
The body is probing claims of ‘misappropriation of public funds in the process of privatisation, recapitalisation and restructuring of balance sheets of Telkom Kenya’
28 August 2019 - 16:31
Nairobi — Kenya's anticorruption commission said on Wednesday 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.
India's Bharti Airtel had said in February its Airtel Networks Kenya unit had agreed to buy Telkom Kenya, the East African nation's smallest operator, in which the state still holds 40% after a majority stake was sold in 2007...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.