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India’s BSNL is in talks to take a 10-15% stake in Essar Group’s Kenyan subsidiary as part of its plans to expand into the African market.
“Valuations are being discussed. We are doing the due diligence,” the official told the Economic Times, requesting anonymity. The Essar Group declined to comment
For the record, in January of last year, Econet Wireless International (EWI) sold a 49% stake in the company to India’s Essar Communications Holdings (ECHL). The companies said that the move would significantly benefit Econet Wireless Kenya (EWK), which is 70% owned by EWI.
According to the Mobile World database subscriber database, Safaricom is the market leader in Kenya with a market share of 82.3% with Celtel coming in at 17.6%. Telkom Kenya (Orange) has just started a mobile service with hopes to reach up to 74% of the people who doesn’t use mobile phone in the country…
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
