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.
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23 October 2020 @ 09:29:38 UTC