Bharti Airtel Ltd.

Bharti Airtel’s Kenyan unit has reportedly abandoned plan to merge with Telkom Kenya to take on the market leading operator Safaricom.  The company and Telkom Kenya were planning to merge to create a stronger challenger to Safaricom, which has 72% of subscribers, or around 30 million subscriptions.

The proposed merger broke down over a number of issues, particularly Airtel resisting to make a commitment to significant future investments in the company.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.