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    Meta sued by former content moderators in Kenya over alleged illegal sacking and blacklisting

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    Amazon to slash 9,000 more jobs amid economic slowdown

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    Airtel Kenya launches eSIM technology for customers

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    Safaricom makes slight change to M-PESA agent withdrawal process

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    Google announces ChatGPT rival named Bard

    Facebook parent company Meta can be sued in Kenya, court rules

    Facebook parent company Meta can be sued in Kenya, court rules

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    Mawingu Networks secures $9 million in funding for rural internet expansion in Kenya

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    Reed Hastings steps down as Netflix CEO

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    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

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    Complete list of Macs that will run macOS Ventura

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    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

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    Laptop buying mistakes you should avoid

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    Lenovo X1 Carbon 5th Generation Review: just good enough

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    Oppo Reno 8T 5G launched in Kenya for KES 49,999

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    Samsung’s Galaxy S23 Unpacked event: All you need to know

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    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

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    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

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    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

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    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

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    Xiaomi Redmi A1+: Best budget smartphone in 2022?

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    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

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    How to make and upload YouTube Shorts with ease

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    How to watch YouTube without ads on Android TV

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    Samsung’s Freestyle Projector now available to purchase in Kenya

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    How to change your Zoom background

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    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

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    Jumia marks its 10th anniversary, selling motorcycles for Sh10

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    Old verification badges to be phased out on April 1 as Twitter Blue debuts globally

    Old verification badges to be phased out on April 1 as Twitter Blue debuts globally

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    WhatsApp introduces new features for a more personal and connected Status experience

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    Twitter Blue subscribers can now create longer tweets of up to 4,000 characters

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    Twitter announces revenue sharing program for Blue verified creators

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    My six social media predictions for 2023

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    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

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    Meta sued by former content moderators in Kenya over alleged illegal sacking and blacklisting

    Meta sued by former content moderators in Kenya over alleged illegal sacking and blacklisting

    Amazon to slash 9,000 more jobs amid economic slowdown

    Amazon to slash 9,000 more jobs amid economic slowdown

    Airtel Kenya launches eSIM technology for customers

    Airtel Kenya launches eSIM technology for customers

    Safaricom makes slight change to M-PESA agent withdrawal process

    Safaricom makes slight change to M-PESA agent withdrawal process

    Google announces ChatGPT rival named Bard

    Google announces ChatGPT rival named Bard

    Facebook parent company Meta can be sued in Kenya, court rules

    Facebook parent company Meta can be sued in Kenya, court rules

    Mawingu Networks secures $9 million in funding for rural internet expansion in Kenya

    Mawingu Networks secures $9 million in funding for rural internet expansion in Kenya

    Reed Hastings steps down as Netflix CEO

    Reed Hastings steps down as Netflix CEO

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

  • Laptops
    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Complete list of Macs that will run macOS Ventura

    Complete list of Macs that will run macOS Ventura

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Laptop buying mistakes you should avoid

    Laptop buying mistakes you should avoid

    Lenovo X1 Carbon 5th Generation Review: just good enough

    Lenovo X1 Carbon 5th Generation Review: just good enough

  • Smartphones
    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    All you need to know about the new iPhone 14 lineup

    All you need to know about the new iPhone 14 lineup

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    • All
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    • Headphones
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    How to apply for the new generation number plates in Kenya

    How to apply for the new generation number plates in Kenya

    How to write prompts for Midjourney, from text to image

    How to write prompts for Midjourney, from text to image

    How to use ChatGPT and get the most out of it

    How to use ChatGPT and get the most out of it

    How to make and upload YouTube Shorts with ease

    How to make and upload YouTube Shorts with ease

    How to watch YouTube without ads on Android TV

    How to watch YouTube without ads on Android TV

    Samsung’s Freestyle Projector now available to purchase in Kenya

    Samsung’s Freestyle Projector now available to purchase in Kenya

    How to change your Zoom background

    How to change your Zoom background

    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

    Samsung Galaxy Z Flip 3 does over 418,000 folds in test

    Jumia marks its 10th anniversary, selling motorcycles for Sh10

    Jumia marks its 10th anniversary, selling motorcycles for Sh10

  • Social Media
    Old verification badges to be phased out on April 1 as Twitter Blue debuts globally

    Old verification badges to be phased out on April 1 as Twitter Blue debuts globally

    WhatsApp introduces new features for a more personal and connected Status experience

    WhatsApp introduces new features for a more personal and connected Status experience

    Twitter Blue subscribers can now create longer tweets of up to 4,000 characters

    Twitter Blue subscribers can now create longer tweets of up to 4,000 characters

    Twitter announces revenue sharing program for Blue verified creators

    Twitter announces revenue sharing program for Blue verified creators

    My six social media predictions for 2023

    My six social media predictions for 2023

    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

    Blue, Gold and Grey: Twitter starts rolling out distinct verification marks

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State completes full acquisition of Telkom after Helios sells 60% of its stake

Brian Murimi by Brian Murimi
October 4, 2022
in News
Reading Time: 2 mins read
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State completes full acquisition of Telkom after Helios sells 60% of its stake
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The government has purchased a 60% stake in Telkom Kenya from Helios Investment Partners, a UK-based private equity group, for Sh6.09 billion, making the company wholly State-owned.

According to documents filed in Parliament, the purchase was one of a series of expenses paid by the Treasury without the approval of Parliament in the weeks leading up to President William Ruto’s inauguration on September 13.

The transaction represents an unprecedented return of a privatized corporation to state ownership, delaying Telkom Kenya’s initial public offering (IPO) on the Nairobi Stock Exchange (NSE) (IPO).

The transaction values Telkom Kenya at Sh10 billion, which is one percent of Safaricom’s Sh1 trillion worth.

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Airtel Kenya launches eSIM technology for customers

Safaricom appoints lawyer Adil Khawanja as new board chairman

According to a top Treasury official, the State used its pre-emptive rights when Helios informed the government of its intention to depart Telkom.

Helios Investment Partners, a UK private equity firm, announced on June 10, 2016, the acquisition of a 60% stake in Telkom Kenya by Jamhuri Holdings Limited (JHL), a company controlled 100% by HeIios Investors III, L.P. The acquisition also included an increase in the Government of Kenya’s (GoK) ownership in Telkom Kenya from 30% to 40%.

According to Business Daily, Helios informed Telkom that they were no longer interested in the venture after the Airtel agreement fell through.

In August 2020, the operator announced that it will no longer pursue a merger with Airtel, citing difficulties in obtaining the necessary regulatory licenses.

The merger would have produced a more formidable competitor for Safaricom.

Tags: AirtelHelios Investment PartnersSafaricomTelkom
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Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

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