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Court clears Telkom, Airtel merger
Thursday February 11 2021
By SAM KIPLAGAT
Summary
In a judgement, High Court judge Jairus Ngaa said that the purported move by the Ethics and Anti-Corruption Commission (EACC) to recover property already sold or stop those on sale was illegal.
The decision clears the way for the merger which Telkom said had stalled because of the EACC investigations, heightening the risk of Airtel walking away from the negotiating table.
The court heard that the Communications Authority(CA) and the Competition Authority of Kenya(CAK)had informed Telkom Kenya that they would only approve the merger once the transaction was cleared by EACC.