Sunday, 23 September 2018

Safaricom backs away from yuMobile

By Nick Wood, Total Telecom
Tuesday 08 April 14

Kenyan operator may return to M&A process, but has reportedly taken issue with request to share M-Pesa with rivals.

Kenya's Safaricom has dropped plans to acquire the network assets of defunct rival yuMobile. CEO Bob Collymore said in a report by Business Daily last week that his company had already pulled out of the deal before the regulator, the Competition Authority of Kenya (CAK), announced plans to impose a number of conditions on the transaction…

Kenya's Safaricom has dropped plans to acquire the network assets of defunct rival yuMobile. CEO Bob Collymore said in a report by Business Daily last week that his company had already pulled out of the deal before the regulator, the Competition Authority of Kenya (CAK), announced plans to impose a number of conditions on the transaction…

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