- Telkom Kenya has relaunched almost 12 months after the exit of the immediate former majority shareholder, the Orange Group (formerly France Telecom), – who sold its majority stake to private equity firm, Helios Investment Partners. The Kenyan Government owns 40% of Telkom.
- “We are committed to gradually restoring Telkom’s relevance in Kenya’s social and economic dynamic to transform it into a viable market player in the telecommunications sector and a profitable national asset,” says Company Chair, Eddy Njoroge.
- Telkom also launched a 4G network with free daily data in all major towns and also entered the home broadband market offering 4G to homes in an offer dubbed ‘Home Plan’..
edit February 15, 2023
The Kenya Government bought back 60% of Telkom Kenya from Helios in August 2022 for Kshs 6.09 billion (~$51 million) reversing a privatization plan. The deal, which was not authorized by the Controller of Budget or the country’s legislature which was on recess, was done just days before the August 2022 election.
The payment to Jamhuri Holdings, a Mauritius subsidiary of Helios was first reported in October 2022, a few days after the Supreme Court decision on the presidential results.
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