We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 5 Aug 2000 04:00 AM

Font Size

- Aa +

Vodafone takes Kenya into fold

Vodafone AirTouch Plc announces today that its wholly owned subsidiary Vodafone Kenya Ltd. has signed an agreement with Telkom Kenya.

Vodafone AirTouch Plc announces today that its wholly owned subsidiary Vodafone Kenya Ltd. has signed an agreement with Telkom Kenya to form Safaricom Ltd. Safaricom will be owned 60% by Telkom Kenya and 40% by Vodafone AirTouch.

The deal includes all the assets and subscribers of the previous cellular operation of Telkom Kenya. The consideration for the licence from the Kenyan Government amounted to $55 million.

Safaricom is currently the only cellular operator in Kenya and has a 15 year GSM 900 licence. Safaricom has also acquired the existing ETACS network which provides service in the major towns in Kenya.

ETACS is the pre GSM analogue technology that kicked off the mobile phone explosion back in the late 1980s.

Arabian Business: why we're going behind a paywall

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.

Read next