Investors attracted by Telkom Kenya’s Sh13bn real estate

Local and foreign firms fighting to take over French firm Orange’s stake in Telkom Kenya are mainly eyeing the company’s Sh13 billion real estate assets, a valuation report shows.

The report, which Orange prepared ahead of failed negotiations to sell the stake to Nigerian investors, shows that land, together with frequency spectrums and a vast fibre optic cables network, top the list of assets that the French firm is using to entice suitors as it prepares to exit the Kenyan market.