France Telecom seeks USD385m from Kenyan government
www.WirelessFederation.com/news: The first phase of negotiations over France Telecom (FT) claim for KES28.9 billion (USD385 million) submitted to the Kenyan government has ended amid secrecy. Payment has been demanded by France Telecom following complaints about Kenya’s competitive environment and a scathing attack on the market dominance enjoyed by rival operator Safaricom.
Apart from the original claim of USD385 million, an additional claim of USD300 million has also been lodged by FT on the grounds that Telkom Kenya’s former management concluded a deal with equipment supplier Rapid Communications weeks before the French took over.
This denies FT chance to negotiate a deal under whose terms it would inherit future debts.