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Orange completes sale of Telkom Kenya

Orange has completed the sale of its entire 70% stake in Telkom Kenya to Helios Investment Partners.

The deal follows approval by relevant authorities and comes after Orange and Helios agreed terms in November.

“The Africa and Middle-East region remains a strategic priority for the group. This divestment reflects Orange’s constant focus on optimising its portfolio of assets,” said Orange in a statement.

Helios Investment Partners was one of a group of investors that in 2014 invested US$130 million (€120 million) in Kenya-based pay TV, programming and broadband provider Wananchi Group.