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Bharti Airtel’s Kenya arm looks for CAK approval to acquire ‘yuMobile’

04 Mar 2014 Evaluate

Bharti Airtel’s Airtel Networks Kenya (Airtel Kenya) has sought an approval from the Communications Authority of Kenya (CAK), to acquire the telecommunications licenses and subscribers of Essar Telecom Kenya, which operates under the brand name ‘yuMobile’.

The proposed arrangement envisages over 2.7 million customers of Essar Telecom Kenya becoming part of Airtel Kenya’s mobile network. The proposed association will undergo seamless integration once definitive agreements are signed, and requisite regulatory and statutory approvals are received.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1776.00
Vodafone Idea 13.52
Indus Towers 366.10
Tata Communications 1654.15
Railtel Corp. India 259.15
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