Telkom Kenya said on Wednesday it was no longer pursuing a proposed joint venture transaction with the Kenyan unit of India's Bharti Airtel. "After carefully reviewing the available options, Telkom has opted to adopt an alternative strategic direction and will no longer be pursuing the proposed joint venture transaction. This decision has been mutually agreed with Airtel Networks Kenya Limited," Telkom Kenya said in a statement. The statement comes as Telkom Kenya last month launched loon, 4G enabling balloons in partnership with American tech giant, Alphabet. Airtel subscribers grew from 14,118, 569 in December 2019 to 14,682,293 in March 2020.

Source: The Star August 05, 2020 11:48 UTC