Type Private company Revenue KES 40 billion (2010) CEO Aldo Mareuse (Jun 2016–) Motto We've got you talking. | Industry Telecommunications Number of employees ~ 6,500 (2010) Founded 1999 | |
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Key people Eddy NjorogeChairmanSteven EvansExecutive Vice ChairmanAldo MareuseChief Executive OfficerKris SenanuManaging Director Products Telecommunications servicesInternet services Owners Helios Investment Partners (60%), Government of Kenya (40%) | ||
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.
Contents
- Aldo mareuse has been appointed the new chief executive of telkom kenya
- Services
- History
- Past shareholding
- Current shareholding
- References
Aldo mareuse has been appointed the new chief executive of telkom kenya
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 AirtelKenya.
History
In 2007 France Télécom (now Orange S.A.) acquired 51% of Telkom Kenya's shares at a cost of US$390 million. In November 2012, the shareholding structure changed due to a decision by the Kenyan government to convert the its shareholder loans into equity in order to ease Telkom Kenya's debt burden. It was subsequently confirmed that the Kenya government would retain 40% shareholding down from 49% with the remaining shares held by France Télécom. In January 2013, France Télécom increased its stake in Telkom Kenya to 70% as a consequence of the government's failure to provide its full portion of 2012 funding.
Past shareholding
On November 9, 2015, Helios Investment Partners announced that they were going to purchase France Télécom's entire stake in Telkom Kenya.
Current shareholding
Subsequent to the agreement to buy, Helios negotiated with the Kenyan government to own 40 percent in the new joint venture, with the investment firm retaining 60 percent. In June 2016, final regulatory approval was received for the deal to proceed. The current shareholding is as depicted in the table below.
1 - Jamhuri Holdings Limited is a special investment vehicle, fully owned by Helios Investment Partners.