Top security organ approved State purchase of Telkom for Sh125

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Former Treasury Principal Secretary, Julius Muia at a past event. FILE PHOTO | DIANA NGILA | NMG

Kenya’s top security organ approved the State acquisition of Telkom Kenya for $1 (Sh125.6) from a UK-based private equity fund in a deal that has kicked up a storm in Parliament.

Confidential Treasury documents seen by the Business Daily indicate that the National Security Council (NSC) approved the purchase of the 60 percent stake from Helios Partners on grounds of risk to national security.

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