Reuters logo
CORRECTED-Safaricom, Bharti receive conditional approval to buy Kenyan rival
March 28, 2014 / 1:40 PM / 3 years ago

CORRECTED-Safaricom, Bharti receive conditional approval to buy Kenyan rival

(Corrects to show Airtel will also pay a $5.4 mln fee)

NAIROBI, March 28 (Reuters) - 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 the deal, subject to Safaricom and Airtel each paying a $5.4 million fee for the licence belonging to YU. (Reporting by George Obulutsa; Editing by James Macharia)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below