Bharti Airtel set to acquire Telkom Kenya

by | Jan 15, 2019

Indian telecommunications services company, Bharti Airtel is in acquisition talks with Kenya’s Telkom Kenya.

With nearly 500 million subscribers, New Delhi-based Bharti Airtel is the second largest mobile network operator in India and the third largest mobile network operator in the world. It has operations in 20 Asian and African market; with the brand name ‘Airtel’ in some.

Telkom Kenya on the other hand is a public private partnership telecommunications company owned by Helios and the Kenyan government.

According to reports, the acquisition of Telkom Kenya is expected to give Bharti Airtel a solid footing in the East African region and generally improve its valuation in the continent ahead of its initial public offering (IPO).

The IPO was somewhat delayed around late last year due to some issues, but kicked back up into full force with the appointment of global banks including JP Morgan and Goldman Sachs to prepare.

With Telkom Kenya in the bag, Bharti Airtel is well on its way to a healthy IPO outing.

Victor Ekwealor
Victor Ekwealor

tech. media. startups. africa. vc | Twitter: @victor_ekwealor

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Notify of
Inline Feedbacks
View all comments

Recent News

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap