Telkom and Airtel Kenya have announced plans for a merger.
The signing of the binding agreement will see shareholders of the two companies enter into an agreement to merge their respective Mobile, Enterprise and Carrier Services businesses in Kenya.
This will operate under a joint venture company to be named Airtel-Telkom.
But Telkom Kenya Limited’s real estate portfolio and specific government services will not form part of the combined entity.
The merged company will be chaired by Telkom CEO, Mugo Kibati while Airtel's Prasanta Sarma, will be appointed Chief Executive Officer.
There will be no immediate changes to operations.
The ﬁnalisation and closure of the transaction is subject to approval by the relevant authorities.
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