Telkom Kenya, Airtel clear to resume merger talks

A Kenyan court has reanimated the possibility of a merger between Telkom Kenya and the local unit of Bharti Airtel after rejecting regulatory objections that caused the operators to cut talks in 2020, Business Daily reported.

The newspaper said the country’s High Court had dismissed questions from the Ethics and Anti-Corruption Commission (EACC) regarding the sale of Telkom Kenya’s assets.

While the EACC concluded last month that every sale of Telkom Kenya was free of potential corruption, it required prosecutor approval before a deal could be considered.

Business Daily said Kenya’s communications and competition authorities had refused to bless a transaction until the EACC gave the go-ahead.

Telkom Kenya and Airtel Kenya have not yet issued any statements on the development, but it does give the couple the opportunity to resume a merger process that began in 2019.

Operators cited the challenges of getting their business approved as a reason for dropping talks in August 2020.

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