It is Telkom Kenya that will pay the debt, Koimett adds, if and when it starts generating profits. Safaricom has a near 80 per cent market share, while Telkom Kenya controls less than 10 per cent. Already, the officials seconded by Orange to Telkom Kenya have left office and were said to be flying out of the country. Most notable one was a near 25 per cent stake held in Equity Bank until last year. Helios Partners will now control 60 per cent stake through a Mauritius-registered company, Jamhuri Holdings.

Source: Standard Digital June 11, 2016 20:48 UTC