Kenya’s telecommunications market is bracing for a possible change of ownership between two telcos, which have been struggling to compete with Safaricom, the region’s most profitable listed mobile service operator.
Although no official announcement has been made on the proposed deal between Telkom Kenya and Airtel Kenya, available information shows that the two telcos, with a combined market share of close to 33 per cent, could be working on either a marriage of convenience or a buyout, with speculations pointing to Airtel Kenya as the possible acquirer.
