Bharti, Safaricom receive conditional approval to buy Kenyan rival

Tags: News
Kenya's telecoms regulator granted conditional approval to the nation's biggest telecoms operators, Safaricom and the local unit of Bharti Airtel to buy the No. 3 network, Yu, operated by India's Essar Telecoms.

The regulator said on Friday it would approve deal, subject to Safaricom paying a $5.4 million fee and Airtel a $5 million fee for the licence belonging to YU, the Communications Commission of Kenya's Director-General Francis Wangusi told reporters.

EDITORIAL OF THE DAY

  • The solution to tackling recurrent droughts is in managing consumption of water, not its overuse

    A staggering 33 crore people or more than a quarter of the country’s population are in the grip of drought and consequently, face drinking water sho

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Shona Adhikari

Let's head to Bangalore & catch up on art

Bangalore art scene is bang in the middle of news, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture