Telkom Kenya confirmed news to merge with Airtel Kenya. The new joint venture Airtel-Telkom is expected to grow its market share, widen its distribution network and also creating awareness of its strong brand.
According to IT Web Africa, “Telkom Kenya has the option of holding up to 49 percent of that shareholding. The merged company will be chaired by Telkom Kenya Limited CEO, Mr. Mugo Kibati while Airtel Networks Kenya Chief Executive, Mr. Prasanta Sarma, will be appointed Chief Executive Officer.”
There won’t be any management change in the two companies currently and the two brands ‘Telkom’ and ‘Airtel’ will continue to co-exist.