Telkom Kenya

This article is about the Kenyan telecommunications provider. For other uses, see Telkom.
Telkom Kenya (d/b/a Orange Kenya)
Private company
Industry Telecommunications
Founded 1999
Headquarters Nairobi, Kenya
Products Telecommunications services
Internet services
Revenue KES 40 billion (2010)
Owner Orange S.A. (70%)
Government of Kenya (30%)
Number of employees
 6,500 (2010)
Slogan We've got you talking.
Website www.telkom.co.ke

Telkom Kenya is the sole provider of landline phone services in Kenya. It was previously a part of the Kenya Posts and Telecommunications Corporation (KPTC) which was the sole provider of both postal and telecommunication services. In 1999 KPTC was split into the Communications Commission of Kenya (CCK), the Postal Corporation of Kenya (POSTA) and Telkom Kenya.[1]

Services

The company operates and maintains the infrastructure over which Kenya's various internet service providers operate. As of 2004, most internet service was provided via dial-up service. Jambonet, an important Kenyan ISP, is a subsidiary of Telkom Kenya. It also offers mobile GSM voice and high speed internet services under the Orange Kenya brand, in which it is the 3rd in market share after Safaricom and Airtel Kenya.

Shareholding

In 2007 France Télécom (now Orange S.A.) acquired 51% of Telkom Kenya's shares.[2] According to an IHT report, France Télécom and the Kenyan government would bring 11 and 19 percent of their respective shareholdings on the market within three years of the deal's completion.[3]

In November 2012, the shareholding structure changed due to a decision by the Kenyan government to convert the its shareholder into equity in order to ease Telkom Kenya's debt burden.[4] It was subsequently confirmed that the Kenya government would retain 40% shareholding down from 49% with the remaining shares held by France Télécom.[5] In January 2013, France Télécom increased its stake in Telkom Kenya to 70% as a consequence of the government not having provided its full portion of 2012 funding.[6]

On November 9, 2015, Helios Investment Partners announced that they were going to purchase France Télécom's entire stake that in Telkom Kenya.[7]

See also

References

  1. ↑ http://www.africog.org: Cause for Public Concern on the Telkom Privatization and Safaricom IPO
  2. ↑ "Group's activities in Kenya". Orange. Retrieved 2013-08-06.
  3. ↑ 16.11.2007 International Herald Tribune report
  4. ↑ Mutegi, Mugambi (2012-11-22). "State turns its Telkom Kenya loan into equity". Business Daily. Retrieved 2013-08-06.
  5. ↑ Omondi, Michael (2012-11-27). "Treasury’s stake in Telkom Kenya cut after debt swap". Business Daily. Retrieved 2013-08-06.
  6. ↑ Nyabiage, Jevans (2013-01-12). "Government loses ownership grip in Telkom Kenya". Standard Digital. Retrieved 2013-08-06.
  7. ↑ "Orange signs an agreement with Helios Investment Partners for the sale of its stake in Telkom Kenya" (PDF). Paris: Orange S.A. November 9, 2015. Retrieved November 10, 2015.

External links


This article is issued from Wikipedia - version of the Tuesday, November 10, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.