With the merger of the two of the three biggest telecos in Kenya in its final stages, more details keep trickling in. Yesterday we were informed that the Communication Authority has given interested parties that might have objections to the merger, a month to air their grievances.
A regulatory notice revealed Friday that Telkom Kenya’s ICT business could very well retain the Telkom Kenya name even after the merger of their mobile, enterprise and carrier services to form a single joint venture company to be named Airtel-Telkom.
“The applicants have…made an application to the Communications Authority of Kenya of their intent to combine their telecommunication businesses in Kenya, through the transfer of Telkom Kenya’s mobile, enterprise and carrier business to Airtel Networks Kenya Limited in exchange for Telkom Kenya gaining a shareholding in Airtel Networks Kenya,” said CA director- general Francis Wangusi in the notice.
“The parties have further indicated that upon approval of the proposed merger, Airtel will thereafter be renamed Airtel-Telkom, while Telkom will continue operating in the ICT sector providing certain other services to select customers,” the regulator added while hinting at its possible approval of the deal.
The CA has also asked any parties opposed to the merger to make their submissions ahead of the intended nod within a month.