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ORA Orange.

10.68
0.12 (1.14%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orange. EU:ORA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.12 1.14% 10.68 10.60 10.71 10.70 10.53 10.545 5,042,673 02:00:52

Airtel Africa, Telkom Pull Kenya Business Merger Due to Delays

05/08/2020 2:20pm

Dow Jones News


Orange (EU:ORA)
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By Ian Walker

 

Airtel Africa PLC said Wednesday that it and Telkom Kenya Ltd. no longer plan to combine their businesses in Kenya as the deal has taken so long to complete.

The companies agreed to merge their Kenyan businesses in February 2019 and the deal was conditional upon various conditions, including regulatory approvals.

"Kenya is a large and growing market and we remain committed to build a growing profitable business," Chief Executive Raghunath Mandava said.

Shares in Airtel Africa at 1240 GMT were down 0.80 pence, or 1.4%, at 56.10 pence.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

August 05, 2020 09:05 ET (13:05 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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