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Announced

Bharti Airtel abandoned its merger with Telkom Kenya.

Synopsis

Bharti Airtel, an Indian global telecommunications services company based in New Delhi, abandoned its merger with Telkom Kenya, an integrated telecommunications provider in Kenya. Financial terms were not disclosed. "Kenya is a large and growing market and we remain committed to build a growing profitable business. We currently serve more than 14m Kenyan customers, a number that is growing month on month, and in the last quarter our revenue numbers were up double digit in constant currency in Kenya. Our strategy to focus on winning more customers, invest in a best in class voice and data network and progressively expand our mobile money business, will continue to build on these results in order to deliver against the opportunities the Kenyan market has to offer," Raghunath Mandava, Airtel Africa CEO and MD.

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