Kenya’s Communication Authority Hints At Approval Of Airtel-Telkom Merger
The last time that Telkom and Airtel Kenya’s proposed merger was communicated to the masses, it was said that the development was subject to approval by the Communications Authority of Kenya (CA).
The CEO of Telkom Kenya amplified the process a few weeks ago by reiterating that the two firms were waiting for the Authority’s assessment before officially approving the merger.
A government gazette notice that was published on the 12th of July 2019, mentions that the merger will go through soon, meaning that the two mobile operators will harmonize their operations as a single entity.
According to what was communicated earlier, Airtel will be named Airtel-Telkom, while Telkom will offer unnamed services to selected customers in the local ICT industry.
The notice stated that the Authority intends to grant approval and has no objection to the intended merger, subject to the parties fulfilling certain conditions.
Airtel has a larger market share than Telkom; therefore, it goes without saying that the Indian-owned carrier would have the upper hand in the merger, although shareholding power will play a significant role as to which telco will be making critical decisions.
More information will be communicated at a later stage as the Authority processes the merger.
Credit: This article originated from www.techweez.com