Orange, Helios sign deal on sale of stake in Kenyan Telkom

ITRealms:

The Orange Group has signed a binding agreement with Helios Investment Partners for the sale of its entire 70 per cent stake in Telkom Kenya, reports ITRealms.

The conclusion of the transaction, ITRealms reports, remains subject to approval from the relevant authorities.

This signature reflects Orange's constant focus on optimizing its portfolio of assets. The Africa and Middle-East region is a strategic priority for the Group.

Telkom Kenya is the country’s incumbent fixed-line operator and is the third player in the mobile market. The company, which operates a high-quality mobile data network, had four million mobile customers at the end of June 2015 according to figures published by the regulator. 

Orange is one of the world’s leading telecommunications operators with sales of 39 billion euros in 2014 and 157,000 employees worldwide at 30 September 2015, including 98,000 employees in France. 

Present in 28 countries, the Group has a total customer base of 263 million customers worldwide at 30 September 2015, including 200 million mobile customers and 18 million fixed broadband customers.

Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. 

In March 2015, the Group presented its new strategic plan “Essentials2020” which places customer experience at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks.

Courtesy: APO (African Press Organization)

 

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