Monday
August 10
2020

Airtel and Telkom Discontinue Merger Plans

By Chike Olisah

Telecoms giant Airtel Africa Plc and Telkom Kenya Ltd have decided to discontinue the completion of their merger plans due to the lengthy process of the transaction which has been on since February 2019.

The two telecom firms resolved not to complete the business combination despite their respective efforts to reach a successful closure and having it drag on for a while.

Photo courtesy of Erik (HASH) Hersman.

Source: Nairametrics (link opens in a new window)

Categories
Finance, Technology
Tags
digital banking, financial inclusion, financial services, fintech, mergers and acquisitions, mobile money