February 8, 2019 / 10:41 AM / 12 days ago

India's Bharti Airtel unit to merge with Telkom Kenya

An employee of Telkom Kenya stands outside the company's shop near the company's headquarters in Nairobi, Kenya, July 27, 2018. REUTERS/Baz Ratner

(Reuters) - India’s Bharti Airtel on Friday said Airtel Networks Kenya Ltd, has agreed to merge with Telkom Kenya Ltd, the East African nation’s smallest telecom operator.

Last month, three industry sources had told Reuters that Bharti Airtel was in talks to buy Telkom Kenya, to create a stronger challenger to market leader Safaricom.

The companies will combine their respective mobile, enterprise and carrier services businesses in Kenya to operate as Airtel-Telkom, Airtel said, without revealing further details.

Reporting by Chandini Monnappa in Bengaluru, Editing by Sherry Jacob-Phillips

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