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Telkom boss: Merger with Airtel Kenya is our last hope for survival

Telkom Kenya CEO Mugo Kibati says for the merger to fail it would be devastating for the firm and the industry. [Boniface Okendo, Standard]

Last year, Telkom Kenya and Airtel Kenya announced plans to merge operations in what was billed as the biggest development in Kenya’s telco sector since Safaricom’s Initial Public Offering (IPO) more than a decade ago.

The deal will see the creation of a new entity that will have a 33 per cent subscriber base and the strongest competitor yet to market leader Safaricom.

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