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Bharti Airtel, Safaricom get conditional approval to buy Kenyan rival: report
28 Mar 2014, 08:06 PM IST
Kenya's telecoms regulator granted conditional approval to the nation's biggest telecoms operators - Safaricom and the local unit of Bharti Airtel - to buy the No. 3 network, Yu, operated by Essar Telecoms.
The regulator said on Friday it would approve the deal, subject to Safaricom and Airtel each paying a $5.4-million fee for the licence belonging to Yu.
Copyright @ Thomson Reuters 2014
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