India’s Economic Times has reported that state-owned telco BSNL is interested in purchasing a 10%-15% stake in Kenyan mobile operator Essar Telecommunications Kenya (ETK), which provides services under the ‘Yu’ brand. The Indian Essar group partners Econet Wireless in the Kenyan venture, which recently changed its name (from Econet) to stave off speculation that the Indian company was exiting the cellco. A BSNL official reportedly confirmed that talks are on between the two companies, ‘Valuations are being discussed. We are doing the due diligence.’ The Essar Group declined to comment on the story.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors