Orange signs an agreement with Helios Investment Partners for sale of Telkom Kenya stake
The Orange Group has announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya.
The finalization of the transaction remains subject to approval from the relevant authorities.
Orange said in a statement that the signing of this agreement reflected 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.