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Safaricom, Airtel splash Sh8bn for yu

From left: Telkom Kenya chief executive Mickael Ghossein, Safaricom CEO Bob Collymore, Airtel Kenya managing director Shivan Bhargava and yuMobile country manager Madhur Taneja at a past media event. Photo/Diana Ngila

Mobile phone firms Safaricom and Airtel have bought out yuMobile, opening a new chapter in the industry.

People familiar with the deal say the three firms met with the regulator, Communications Commission of Kenya, on Friday to finalise the deal.

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