Sunday, 23 September 2018

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…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry