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Court clears Telkom, Airtel merger

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Business Daily | by Sam Kiplagat


Telkom Kenya and Airtel have the green light to revive their planned merger after the High Court quashed a letter by the anti-graft agency questioning the sale of the former’s properties during the privatisation period.

In a judgment, High Court judge Jairus Ngaa said that the purported move by the Ethics and Anti-Corruption Commission (EACC) to recover property already sold or stop those on sale was illegal.

The decision clears the way for the merger which Telkom said had stalled because of the EACC investigations…

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