[Source: Business Daily, by Victor Juma]
Telecommunications firms Airtel Kenya and Telkom Kenya have abandoned their merger plan, citing unacceptable conditions placed on the proposed amalgamation besides delays in receiving regulatory approvals.
The companies had entered into an agreement on February 8, 2019 to combine their mobile, enterprise and wholesale divisions.
This was in a bid to cut costs and enhance scale as they sought to better compete against Safaricom which dominates the mobile telephony business with a 64.8 percent market share.
The Competition Authority of Kenya (CAK) approved the merger on…
