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

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture