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Airtel eyes waiver on the 30pc local ownership rule

Airtel eyes waiver on the 30pc local ownership rule
Summary
Airtel Africa is considering seeking an extension or exemption from rules requiring it to cede a 30 percent stake in local subsidiaries to Kenyan investors by March 2024.
Sidestepping the ownership rules could, however, force the multinational to pay $20 million (Sh2.1 billion) for its expired licence.
Tuesday July 13 2021
By VICTOR JUMA
Summary
Airtel Africa is considering seeking an extension or exemption from rules requiring it to cede a 30 percent stake in local subsidiaries to Kenyan investors by March 2024.
Sidestepping the ownership rules could, however, force the multinational to pay $20 million (Sh2.1 billion) for its expired licence. ....

Joe Mucheru , Airtel Africa , Airtel Money Kenya , Then The Communications Authority Of Kenya , Airtel Networks Kenya , Communications Authority Of Kenya , Airtel Networks , Airtel Networks Kenya Limited , Airtel Money Kenya Limited , Communications Authority , East Africa , Networks Kenya , Business Daily , ஏர்டெல் நெட்வொர்க்குகள் கேந்ய , தகவல்தொடர்புகள் அதிகாரம் ஆஃப் கேந்ய , ஏர்டெல் நெட்வொர்க்குகள் , ஏர்டெல் நெட்வொர்க்குகள் கேந்ய வரையறுக்கப்பட்டவை , தகவல்தொடர்புகள் அதிகாரம் , நெட்வொர்க்குகள் கேந்ய , வணிக தினசரி ,

Airtel risks forced sale in expired licence row

Airtel risks forced sale in expired licence row
Friday April 30 2021
By ELIZABETH KIVUVA
Summary
Joe Mucheru, the ICT Cabinet Secretary, said Airtel must first renew its licence that expired in February 2015 before entering talks with the government for a waiver of the local ownership rule.
The State has ordered Airtel Kenya to pay $20.025 million (Sh2.15 billion) for its expired licence to be exempted from a rule that requires telecoms operators to sell a 30 percent stake to local investors within the next three years.
Joe Mucheru, the ICT Cabinet Secretary, said Airtel must first renew its licence that expired in February 2015 before entering talks with the government for a waiver of the local ownership rule. ....

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