The Kenyan State and France Telecom SA have closed the acquisition by a consortium led by France Telecom of a 51% stake in the incumbent operator Telkom Kenya for a consideration of $390 million, or about EUR270 million euros.
France Telecom has teamed up with Alcazar Capital Limited, whose funds decided to raise their stake in the consortium from 15%, as announced on November 16, to 21.5%, under the terms of the agreement between the parties.
Agility, one of the world’s leading logistics services providers with a strong presence in emerging markets, is a key investor in Alcazar’s funds.
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