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.
ICYMI: O2 says it has ‘addressed concerns’ over Virgin Media merger in record quarter for Telefónica… twitter.com/i/web/status/1…
25 February 2021 @ 21:00:00 UTC
ICYMI: BritBox appoints ITV SVOD chief Reemah Sakaan to become international CEO digitaltveurope.com/2021/02/25/bri… https://t.co/c9MJzgaWty
25 February 2021 @ 20:00:00 UTC
Bharti Airtel launches advertising business digitaltveurope.com/2021/02/25/bha… https://t.co/eSvlFA3Jsh
25 February 2021 @ 17:00:00 UTC