New Delhi : After exiting telecom business in India, Essar Telecom is now in talks to sell its Kenya business to Indian telecom major Airtel and Kenya’s leading operator Safaricom for about USD 100 million.
“Airtel Networks Kenya Limited has sought an approval from the Communications Authority of Kenya to acquire the telecommunications licenses and subscribers of Essar Telecom Kenya Limited, which operates under the brand name ‘yuMobile,” Airtel said in a statement.
Industry sources said that Kenya’s leading operator Safaricom has made bid to acquire the infrastructure of the company. The total deal is estimated to be between USD 90-100 million.
“The proposed arrangement envisages over 2.7 million customers of Essar Telecom Kenya becoming part of Airtel Kenya’s mobile network,” Airtel said.