Orange to sell 70% stake in Telkom Kenya to Helios

Orange confirmed an agreement to sell its 70 per cent stake in Telkom Kenya to Helios Investment Partners for an undisclosed sum.

In a statement, Orange said the move “reflects its constant focus on optimising its portfolio of assets”, before adding “Africa and the Middle East region is a strategic priority for the group”.

Helios emerged as one of a number of bidders attempting to acquire some or all of Orange’s stake in Kenya’s fixed incumbent and third largest mobile operator in September, which has been up for sale for some time. Previous bids for the entity have failed, including one from Vietnam’s Viettel Group at the end of last year.

Read more: Orange to sell 70% stake in Telkom Kenya to Helios – Mobile World Live

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