[kictanet] State fully acquires Telkom Kenya in Sh6.09 billion deal

[Mwendwa Kivuva]

Six years later, the performance of Telkom Kenya under Helios remain mixed.
The biggest thing to happen in the five years has been asset-stripping
activity. The biggest revenue earning achievements has occurred in asset-
stripping and increased activity.  In 2018, Telkom Kenya offloaded
Extelecoms House - the multi storey building on Haile Selassie Avenue - to
the Central Bank of Kenya (CBK) at a consideration of Sh1.15 billion. A few
months later, the company announced that it had sold 720 tower sites in a
sale and lease back deal to the American Tower Company of the United States
at a consideration of a whopping Sh16.9 billion.--
Best Regards,
______________________
Mwendwa Kivuva, Nairobi, Kenya
https://www.linkedin.com/in/mwendwa-kivuva
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <https://lists.kictanet.or.ke/pipermail/kictanet/attachments/20221010/e0bed118/attachment.htm>