The Government is yet to conclude talks on the sale of Telkom Kenya’s nine per cent stake in Safaricom to Vodafone.
Information and Communication minister, Mr Mutahi Kagwe, yesterday said negotiations on the sale were still on.
We have not finalised the talks,” he said.
Kagwe led a delegation that met Vodafone officials in London last week.
He declined to disclose the price the Government considered good for the stake.
“Kenyans should be confident that we will get a good deal,” he said
Vodafone had initially offered the Government Sh7.3 billion ($100 million) for a 11 per cent stake in the mobile phone firm.
The Government, through Telkom Kenya owns 60 per cent of Safaricom while Vodafone holds 40 per cent of the shares.
Kagwe spoke to reporters after after opening a two-day African Business Process Outsourcing workshop at the Panari Centre in Nairobi.
He told participants that the Government was committed to develop a reservoir of skilled workers that the country needs to attract and retain international outsourcing business.
The minister also announced the Government has established a Special Purpose Vehicle, which it will use to lay an alternative undersea fibre optic cable.
Information and Communication minister, Mr Mutahi Kagwe, said the SPV would be used to implement the East African Marine Systems that will involve the public and private sector.
Source- http://allafrica.com/stories
Technorati : Kenya, Mobile, Safaricom, Vodafone
Ice Rocket : Kenya, Mobile, Safaricom, Vodafone
Technorati : Kenya, Mobile, Safaricom, Vodafone
Ice Rocket : Kenya, Mobile, Safaricom, Vodafone