Failed Airtel Kenya and Telkom merger leaves telcos limping

Airtel Kenya and Telkom merger collapsed at the last minute after months of negotiations. [File, Standard]

When Airtel Kenya and Telkom Kenya announced plans to merge operations to take on market leader Safaricom two years ago, the deal was seen as key to the future survival of the two firms.

However, the merger collapsed at the last minute after months of negotiations primarily because the National Treasury, a majority shareholder in Telkom Kenya...