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Telkom deal reeks of corporate greed
Committee on Finance and National Planning Chairperson Francis Kuria Kimani during joint committee sitting with Committee on Communication, Information and Innovation of National assembly at the County Hall Nairobi on Thursday, April 20, 2023, investigating the Sh6.2 billion acquisition of Telkom Kenya limited by the Government of Kenya. PHOTO | DENNIS ONSONGO | NMG
The details coming out of proceedings of the parliamentary committee investigating the circumstances under which the government paid $51 million to London-based private equity company, Helios LLP, to acquire 100 percent of Telkom Kenya are sensational — to say the least.
I have followed Telkom Kenya’s privatisation issues since March 2007 when France Telecom paid us $390 million to acquire a 51 percent stake in the company.
