• About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud
Saturday, August 13, 2022
  • Login
  • Register
No Result
View All Result
NEWSLETTER
Kenyan Wallstreet
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Banking
    • Aviation
    • Energy
    • Manufacturing
    • Markets
    • Technology
    • Startups
  • Money Matters
  • Podcast
  • Videos
  • Digital Assets
  • Calendar
No Result
View All Result
Kenyan Wallstreet
No Result
View All Result

Airtel and Telkom Announce Merger Plans

Miriam WanguibyMiriam Wangui
February 11, 2019
in Kenyan News
Reading Time: 2 mins read


Telkom Kenya and Airtel have released the official statement on their planned merger. The two mobile service providers have signed a binding agreement to merge their Kenyan operations in mobile, enterprise and carrier services. However, Telkom’s real estate investment and specific government services are not part of the deal. 

The new enterprise will be referred to as Airtel-Telkom. Telkom Kenya’s CEO Mugo Kibati will be the company’s Chair while, Airtel Networks Kenya CEO Mr. Prasanta Sarma, will be the company’s Chief Executive Officer.

Operations at the two companies will run as usual for the time being. As per the statement released to the press, there will be no immediate changes to the ‘leadership and management, legal, organisational and staffing structures.’ The statement also added, “….service delivery to the respective companies’ customers as well as engagement with all business partners of both companies will continue to operate as usual.”

Upon approval from the relevant authorities, the telecommunication companies will merge their Kenyan operations. The move will create a larger and more efficient company with a variety of products and services. 

The union between Telkom Kenya and Airtel Networks Kenya is expected to pose significant competition on the market leader – Safaricom. According to Faida Investment Bank analysts, Airtel and Telkom have experienced rapid growth in market share in the past year. They attribute the growth to increased capital expenditure on infrastructure by the two firms. The analysts expect the combined entity to keep up the pace in infrastructure investment and therefore growth in their market share. 

According to the National Treasury Cabinet Secretary Henry Rotich, “This move is well aligned with the government’s agenda to optimise the value of the assets that it holds in trust, on behalf of Kenyans, while cementing the country’s position not only as a regional business hub but also as an international investment magnet.”

RELATED:

Unconfirmed: Airtel in talks to Aquire Telkom Kenya


Hisa App Hisa App Hisa App
Previous Post

KBA to Support Govt as 5 Banks, Officials, Individuals and Entities Recommended for Money Laundering Charges by ODPP

Next Post

Kenya, Rwanda & Tanzania Among Africa’s Most Attractive Investment Destinations in 2019 – RMB

Related Posts

Kenya's Marketforce Slashes 9% of its Workforce

Kenya’s Marketforce Slashes 9% of its Workforce

August 11, 2022
Kenya's FinAccess Raises $500,000 in Pre-Series A Funding

Kenya’s FinAccess Raises $500,000 in Pre-Series A Funding

August 11, 2022

Longhorn Publishers Expands into DRC

August 10, 2022

Relief as Maize Prices Decline due to Stable Supply Following Harvest

August 10, 2022

Kenyans Set to Enjoy Cheaper Calls as Telcos Cut Mobile Rates

August 10, 2022

Visa Announces Deal With Standard Bank to Help African Women Grow Their Businesses

August 10, 2022

Ahead of Polls, Kenya Shilling Hits Historic Low of 119.680 Against US Dollar

August 8, 2022

Kenya among 6 Member States to Pilot the AfCFTA

August 8, 2022
Load More
Next Post
Nairobi (gdp)

Kenya, Rwanda & Tanzania Among Africa's Most Attractive Investment Destinations in 2019 - RMB

ADVERTISEMENT

Follow Us

  • 143.3k Followers
  • 2.4k Subscribers
  • 1.1k Followers

WhatsApp

Subscribe

Telegram  

Subscribe

Podcasts

Upcoming Events

There are no upcoming events.

View Calendar
Add
  • Add to Timely Calendar
  • Add to Google
  • Add to Outlook
  • Add to Apple Calendar
  • Add to other calendar
  • Export to XML

Featured

No Content Available

About Us

We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe. Kenyanwallstreet.com is a property of Hisa Technologies Ltd, a financial media & software company.

Contact Us

Kenyan Wall Street
Email: [email protected]
Website: www.kenyanwallstreet.com

Disclaimer

The information contained in this website is for general information purposes only.
Read more..

  • About Hisa Technologies
  • Advertise
  • Careers
  • Contact Us
  • Estate Cloud

Copyright 2021. Hisa Technologies. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Kenyan News
    • African News
    • Global News
  • Business
    • Agriculture
    • Aviation
    • Banking
    • Energy
    • Infrastructure
    • Insurance
    • Investment
    • Manufacturing
    • Markets
    • Public Policy
    • Real Estate
    • Startups
    • Technology
  • Podcast
  • Videos
  • Events

Copyright 2021. Hisa Technologies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In