Telkom Kenya Deal On Course Despite Violence

Mergers, Acquisitions and Financial Results

France Telecom, the company that bought a 51 per cent stake in Telkom Kenya last month, has no plans to revise the deal despite the recent outbreak of violence, contrary to fears by business analysts.

Dominique Saint-Jean, who took over as Telkom Kenya's managing director last month said the Sh26 billion deal was on course and that plans were underway to roll out a medium term growth plan. The firm will specifically target service improvement , the launch of a GSM network and improvement of the broadband network.

"I can reassure customers that this deal is solid and France Telecom is committed to it. There is no threat at all from the recent occurrences on the political scene," said Bernard Rubia, the Chief Communications Officer at Telkom Kenya.

Business Daily