Telkom Kenya will not rebrand from Orange, at least for now, following the conclusion of majority stake to Helios on Friday. Safaricom, the market leader had 64.7 per cent share with 24.4 million customers while Airtel had a market share of 19.2 per cent with 7.2 million subscribers. Telkom Kenya chairman Eddy Njoroge said the exit was well handled by the previous French owners. Helios, a UK private equity firm, has acquired 60 per cent stake in Telkom Kenya through its wholly-owned subsidiary Jamhuri Holdings Ltd following the exit of Orange East Africa. New entrant Equitel had 3.7 per cent share of the market as at end last year with 1.4 million subscribers.

Source: The Star June 13, 2016 04:18 UTC