Telkom disputes Safaricom debt size in Airtel merger tiff

Airtel and Telkom lines on sale in Nairobi streets. PHOTO | KANYIRI WAHITO | NMG

Telkom Kenya has disputed a Sh906.6 million debt that Safaricom #ticker:SCOM is demanding from the firm before its merger with Airtel in a twist that could delay the transaction between the two telecommunication companies seeking to fight Safaricom’s dominance.

Telkom Kenya last week said that Safaricom had inflated the debt, arguing that its merger with Airtel will not affect its ability to clear the unpaid bill.

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