October 01, 2014 1:07 PM ET

Diversified Telecommunication Services

Company Overview of Telkom Kenya Limited

Company Overview

Telkom Kenya Limited provides integrated telecommunication services for residential and business customers in Kenya. The company offers mobile services, such as mobile prepaid and postpaid, wireless, international calls, and HD voice; Internet services, including Internet on mobile, broadband, 3G, WAP, and D-link wireless router; and fixed landline services, which include landline voice and Internet services. It serves customers on GSM, fixed, and CDMA wireless platforms. The company was founded in 1999 and is headquartered in Nairobi, Kenya. Telkom Kenya Limited operates as a subsidiary of Orange.

Telkom Plaza Ralph Bunche Road

P.O. Box 30301

Nairobi,  00100

Kenya

Founded in 1999

Phone:

254 20 495 2001

Fax:

254 20 251 071

Key Executives for Telkom Kenya Limited

Co-Founder
Chief Finance Officer
Deputy Chief Executive Officer
Chief of Mass Market and Customer Care Officer
Chief Carrier Services Officer
Compensation as of Fiscal Year 2014.

Telkom Kenya Limited Key Developments

Telkom Kenya Appoints Vincent Lobry as CEO

Vincent Lobry, Orange Polska Vice-President for Value Management and Convergence, a member of the Orange Polska Management Board since September 2009, resigned from his position at Orange Polska S.A. on September 9, 2014, due to the fact that he was appointed the CEO of Telkom Kenya. Mr. Lobry's resignation will become effective on 15 October 2014, when he will take over his new position in Kenya.

Telkom Kenya's Majority Stake Sale May Near Conclusion

Orange (ENXTPA:ORA) is is in advanced talks to sell its majority stake in Telkom Kenya Limited. Vincent Lobry, the new Chief Executive Officer of Telkom Kenya Limited is expected to conclude ongoing talks to sell 70% interest in Telkom Kenya Limited.

Megatech Engineering Emerge As Top Bidder For Stake In Telkom Kenya

Megatech Engineering, Inc. has emerged as the top bidder for 70% stake in Telkom Kenya Limited.Megatech had a competition from international firms including a Vietnam and a British consortium. Megatech placed a bid of KES 25 billion, while an unnamed British Group placed a bid of KES 16.3 billion and Viettel Telecom Co proposed KES 10.6 billion. Orange (ENXTPA:ORA) had in March 2014, appointed Lazard to help it find buyers. Several companies were said to have also placed offers for Telkom Kenya including Unitel GmbH & Co.KG. However, TMT Finance last week reported that Orange was yet to find a prospective buyer with an offer matching its expectation. "It is thought that Lazard is still seeking offers for the (Kenyan) unit, and is not yet holding advanced negotiations with any one party, with current bids much lower than the seller's expectations," a brief by TMT last week said. TMT reported Viettel as being considered one of the favorites for the Telkom Kenya deal. TMT said the Kenyan unit will be difficult to sell as the license conditions require the buyer to be a well-established operator. Any company that gets the deal will have to work with the government of Kenya, owner of the remaining 30% stake.

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Recent Private Companies Transactions

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