SME Times is powered by   
Search News
Just in:   • Trump arrives in Japan with N. Korea, Iran on agenda  • Industry seeks amendment of FTP, customs law for exporters  • RBI to inject Rs 15k cr to push durable liquidity  • Exporters congratulate PM Modi  • Cabinet approves dissolution of the 16th Lok Sabha 
Last updated: 09 Feb, 2019  

Airtel.9.Thmb.jpg Airtel Kenya to merge with Telkom Kenya

Airtel.9.jpg
   Top Stories
» Industry seeks amendment of FTP, customs law for exporters
» RBI to inject Rs 15k cr to push durable liquidity
» Exporters congratulate PM Modi
» Cabinet approves dissolution of the 16th Lok Sabha
» RBI may cut rate by 150-200 bps in FY20
SME Times News Bureau | 09 Feb, 2019
Airtel Kenya, a subsidiary of Bharti Airtel, on Friday announced its merger with Telkom Kenya and said the merged entity will operate as Airtel-Telkom.

The new entity will invest in networks to accelerate the roll-out of future technologies, Bharti Airtel said in a regulatory filing.

"Bharti Airtel Limited today announced the signing of an agreement by its subsidiary, Airtel Networks Kenya Limited (Airtel Kenya), with Telkom Kenya Limited (Telkom Kenya) for merging their respective mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom," it said.

The finalisation and closure of the transaction is subject to approval by the relevant authorities.

"The enterprise and carrier services businesses should benefit from a larger fibre footprint and an increased number of enterprise customers, including both large corporations and SMEs who would have access to a diverse portfolio of world-class solutions," it said.

The statement, however, did not mention any time frame for the merger to be completed.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 26 May, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» The Silk Road - A journey through history(1)
» Kokuyo Camlin to focus on notebook segment(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter