A British Investment firm, Helios Investment Partners, has shifted its 60 percent stake in Telkom Kenya, making the company a fully owned by the government.
The Kenyan government, which previously owned a 40 percent stake in Telkom, now owns the company fully.
The shift follows six years after Jamhuri acquired majority ownership in the integrated telecommunications solutions provider from France Telecom in June 2016 through its local subsidiary Orange.
Jamhuri Holdings Limited notified the government of its intention to exit Telkom in August 2021.
The failure of the proposed merger between Telkom and Airtel Kenya following disapproval of the transaction by the government may have escalated the exit.
In 2015, Helios exited Equity Bank Group with the sale of its final stake to the National Social Security Fund (NSSF) Uganda, following exits to the Norwegian investment fund, Norfund, and UK investment management firm Genesis Investment Management LLP.
More recently, Helios exited its investment in Vivo Energy to Vitol Group following an earlier partial exit through a public listing on the London Stock Exchange.
“Helios told us they were no longer interested in the venture immediately after the Airtel deal collapsed,” said the Treasury source.
Subscribe to our You Tube channel at Switch TV.
Helios’ current investments are spread across several firms and countries in East Africa in Financial Services, technology, infrastructure, Healthcare, Energy, and customer sectors.
