France Telecom closes the acquisition of 51% of Telkom Kenya
Paris, December 21, 2007
The Kenyan State and France Telecom have closed the acquisition by a consortium
led by France
Telecom of a 51% stake in the incumbent operator Telkom Kenya for a consideration
of US$ 390 million
(about 270 million euros).
France Telecom has teamed up with Alcazar Capital Limited, whose funds decided to raise their stake in the consortium from 15% (as announced on November 16) to 21.5%, under the terms of the agreement between the parties. Agility, one of the world’s leading logistics services providers with a strong presence in emerging markets, is a key investor in Alcazar’s funds.
France Telecom has teamed up with Alcazar Capital Limited, whose funds decided to raise their stake in the consortium from 15% (as announced on November 16) to 21.5%, under the terms of the agreement between the parties. Agility, one of the world’s leading logistics services providers with a strong presence in emerging markets, is a key investor in Alcazar’s funds.
press contacts
+ 33 1 44 44 93 93
Béatrice Mandine beatrice.mandine@orange-ftgroup.com
Bertrand Deronchaine bertrand.deronchaine@orange-ftgroup.com
Alcazar Capital Limited : +971 4 365 0451
Nicholas Bacon nbacon@alcazar-capital.com
Béatrice Mandine beatrice.mandine@orange-ftgroup.com
Bertrand Deronchaine bertrand.deronchaine@orange-ftgroup.com
Alcazar Capital Limited : +971 4 365 0451
Nicholas Bacon nbacon@alcazar-capital.com
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