A subscriber holds a 4G Telkom SIM card. FILE PHOTO | NMG By Charles Mwaniki Business Reporter Nation Media Group The government faces the prospect of a multi-billion shilling outlay if it is to turn around Telkom Kenya following its takeover of the entire ownership of the telco, disclosures...
The plan to bring in the Dubai company into the shareholding of Telkom Kenya is the latest episode of what ranks as the most grotesque privatisation fiascos in the country’s history. The taxpayer took all the losses while the private sector hogged the gains. Telkom deal reeks of corporate g...
In December 2018, Telkom Kenya sold Extelcoms House, the multi-story building on Haile Selassie Avenue in Nairobi, to the Central Bank of Kenya at a consideration of Sh1.15 billion. Mark you, this was not the largest asset-stripping deal to be conducted by Telkom Kenya during the reign of...