Telkom Kenya
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| Private company | |
| Industry | Telecommunications |
| Founded | 1999 |
| Headquarters | Nairobi, Kenya |
| Products | Telecommunications services Internet services |
| Revenue | KES 40 billion (2010) |
| Owner | Orange S.A. (70%) Government of Kenya (30%) |
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Number of employees
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6,500 (2010) |
| Slogan | We've got you talking. |
| Website | www.telkom.co.ke |
Telkom Kenya is the sole provider of landline phone services in Kenya. It was previously a part of the Kenya Posts and Telecommunications Corporation (KPTC) which was the sole provider of both postal and telecommunication services. In 1999 KPTC was split into the Communications Commission of Kenya (CCK), the Postal Corporation of Kenya (POSTA) and Telkom Kenya.[1]
Services
The company operates and maintains the infrastructure over which Kenya's various internet service providers operate. As of 2004, most internet service was provided via dial-up service. Jambonet, an important Kenyan ISP, is a subsidiary of Telkom Kenya. It also offers mobile GSM voice and high speed internet services under the Orange Kenya brand, in which it is the 3rd in market share after Safaricom and Airtel Kenya.
In 2007 France Télécom (now Orange S.A.) acquired 51% of Telkom Kenya's shares.[2] According to an IHT report, France Télécom and the Kenyan government would bring 11 and 19 percent of their respective shareholdings on the market within three years of the deal's completion.[3]
In November 2012, the shareholding structure changed due to a decision by the Kenyan government to convert the its shareholder into equity in order to ease Telkom Kenya's debt burden.[4] It was subsequently confirmed that the Kenya government would retain 40% shareholding down from 49% with the remaining shares held by France Télécom.[5] In January 2013, France Télécom increased its stake in Telkom Kenya to 70% as a consequence of the government not having provided its full portion of 2012 funding.[6]
On November 9, 2015, Helios Investment Partners announced that they were going to purchase France Télécom's entire stake that in Telkom Kenya.[7]
See also
References
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<references />, or <references group="..." />External links
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- ↑ http://www.africog.org: Cause for Public Concern on the Telkom Privatization and Safaricom IPO
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- ↑ 16.11.2007 International Herald Tribune report
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