Private equity firm Helios launches bid for France Telecom stake in Telkom Kenya (Orange Kenya)

A man walks past the Orange shop on Koinange Street in Nairobi. Credit: businessdailyafrica.com

Helios Investment Partners is the latest suitor said to be gunning for some or all of the 70 per cent stake in Telkom Kenya owned by France Telecom.

The Africa-focused private equity firm, which recently sold off its stake in Equity Group for billions of shillings, is said to be targeting 51 per cent of the struggling telecommunications operator in its latest offer to the French.

This would see the Kenya government retain a 29 per cent stake in Telkom Kenya (Orange), while France Telecom keeps 20 per cent.

Read more: Helios launches bid for France Telecom stake in Telkom Kenya – Corporate News

Recommended