Wednesday, 07 December 2016

Essar to sell yuMobile to Safaricom and Airtel for $120m

By Total Telecom staff
Monday 01 September 14

Essar Capital said it expects the transaction to conclude during the fourth quarter of 2014.

Essar Capital, part of India’s Essar conglomerate, said it has reached binding agreements worth a total of $120 million (€91 million) with Safaricom and Bharti Airtel on the sale of its telecoms business in Kenya, where it sells mobile services under the yuMobile or yu brand…

Essar Capital, part of India’s Essar conglomerate, said it has reached binding agreements worth a total of $120 million (€91 million) with Safaricom and Bharti Airtel on the sale of its telecoms business in Kenya, where it sells mobile services under the yuMobile or yu brand…

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