Essar Telecom plans to sell Kenya business
Posted on Mar 04 2014 | IANS
New Delhi, March 4 : Essar Telecom is planning to sell its Kenya business to Indian telecom service provider Airtel and Kenya's operator Safaricom.
"Airtel Networks Kenya Limited has sought approval from the Communications Authority of Kenya to acquire the telecommunications licences and subscribers of Essar Telecom Kenya Limited, which operates under the brand name 'yuMobile'," Airtel said in a statement Tuesday.
"The proposed arrangement envisages over 2.7 million customers of Essar Telecom Kenya becoming part of Airtel Kenya's mobile network. The proposed association will undergo seamless integration once definitive agreements are signed and requisite regulatory and statutory approvals are received," the statement added.