Airtel and Telkom Kenya have signed a binding agreement to operate under a joint venture to be named Airtel-Telkom.
According to officials of the two companies, the combined entity will see sustained investments in networks to further accelerate roll out of future technologies;
It is understood that the finalization and closure of the transaction is subject to approval by the relevant authorities.
Latest data from Communications Authority of Kenya (CA) covering three months to September last year showed Airtel had a market share of 22.3 per cent while Telkom had nine per cent.
The merger now combines their share to 33.3 percent against Safaricom’s 64.2 percent translating to 14.6 million mobile subscribers compared to Safaricom’s 29.94 million .