Helios acquires The Orange Groups stake in Telkom Kenya

09 Nov 2015

The Orange Group announced today that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya. The finalization of the transaction remains subject to approval from the relevant authorities.

This signature reflects Orange's constant focus on optimizing its portfolio of assets. The Africa and Middle-East region is a strategic priority for the Group.

Telkom Kenya is the country’s incumbent fixed-line operator and is the third player in the mobile market. The company, which operates a high-quality mobile data network, had four million mobile customers at the end of June 2015 according to figures published by the regulator.

For more information, please see here.

« Back to Member News

Last chance to register for AVCA Connect with @TheNewPractice! Join us for an informal evening of networking tomorr… https://t.co/ocyTzQhTkW

Join us on the 16th October for an informal evening of networking at the Ocean Terrace in Lagos, Nigeria. Register… https://t.co/tKTbpApY3V

Financials, Consumer Discretionary and the Consumer Staples sectors have been the highest performing sectors, by vo… https://t.co/r0QfHF8kkf

Just one more week until AVCA Connect with @TheNewPractice. Connect with the leading private investment professiona… https://t.co/2KRiz4IgWH

Verod Capital Management has announced its exit from UTL Trust Management. Read more: https://t.co/76326LN1K9

;