Orange Sells its Stake in Telkom Kenya to Helios

The second day of the national presidential campaigns kicks off Tuesday in different parts of the Uganda, approved Chimp Corps report.

President Museveni will today at mid day  address a rally in Nakaseke North before heading to Nakasongola County after lunch hour.

Museveni, who yesterday pulled large crowds in Luwero, will then proceed to Budiope County and conclude with Kioga County in Amolatar.

On the other hand, Hon Amama Mbabazi will address a rally in Mukono.

It is understood DP’s Betty Nambooze is set to attend Mbabazi’s rally.

Asked if she was behind Mbabazi, Nambooze, whose party is backing the former premier’s presidential candidature, responded: “This election is not between individuals… it is between those who seek change and those who don’t want change.”

She added: “I will also attend Besigye’s rally in Mukono.”

After a successful rally in Rukungiri, Besigye will today head to Ntungamo, an NRM stronghold.

Ntungamo is the birthplace of President Museveni and his wife, Janet Museveni.

During Monday’s rally, Besigye received Shs 4m from the town traders.

He asked the people to change their mindset, organise and coordinate by creating groups of ten P10 at the grassroots.
The Orange Group on Monday announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya.

According to a communique from Orange, order the move reflects the telecom’s constant focus on optimizing its portfolio of assets.

Helios emerged as one of a number of bidders that wanted to acquire Orange’s stake in Kenya’s fixed incumbent and third largest mobile operator in September.

The French company, price which operates in 19 countries across Africa and the Middle East, link has previously stated its Kenyan business was under review as part of its strategy to be a top two player in the markets where it operates.

Telkom Kenya is the country’s incumbent fixed-line operator and is the third player in the mobile market.

The company, which operates a high-quality mobile data network, had four million mobile customers at the end of June 2015 according to figures published by the regulator.

Helios has made numerous investments across Africa, and operates a wide ranging tower business. The company owns towers in Ghana.


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