Zuku Owner - Wananchi - To Sell Telecoms And Internet Services Businesses

Further to the restructuring taking place at Wananchi Group, the company has now agreed to sell three (3) of its underperforming businesses - Wananchi Telecom, SimbaNet and iSAT - to Synergy Communications.

As previously reported on this platform, Wananchi Group, the owners of Zuku (their Pay TV business) is beset with serious financial challenges and management upheavals.

Industry sources close to the company informed Broadcast Media Africa that Wananchi decision to sell some of its businesses should enable it to buffer its financial strength to keep the company alive, even as it is now facing cut-throat competition from other leading players such as Startimes, DStv.

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