TELECOMMUNICATIONS COMPANIES KENYA
Telkom Kenya is the sole provider of landline phone services in Kenya. It was previously a part of the Kenya Posts and Telecommunications Corporation which was the sole provider of both postal and telecommunication services. The company operates and maintains the infrastructure over which Kenya's various internet service providers operate. As of 2004, most internet service is provided via dial-up service. Jambonet, an important Kenyan ISP, is a subsidiary of Telkom Kenya. On 16th November 2007, France Telecom announced that it had won a bid to acquire 51% of Telkom Kenya's shares. According to an IHT report, France Telecom and the Kenyan government are to bring 11 and 19 percent of their respective shareholdings on the market within three years of the deal's completion.
Safaricom, Ltd is a leading mobile network operator in Kenya. It was formed in 1997 as a fully owned subsidiary of Telkom Kenya. In May 2000, Vodafone group Plc of the United Kingdom, the world's largest telecommunication company, acquired a 40% stake and management responsibility for the company. Telkom Kenya as a result owns a 60% stake in the company. As of May 17, 2006, Mr Michael Joseph is the CEO. Recent reports appearing in the cross section of the press indicate that Vodafone Plc of UK only owns 35% and the remaining 5% is owned by a little known company, Mobitelea Ventures Limited. The reports have caused a stir which led to the summoning of its CEO Michael Joseph to appear before the PIC "Public Investment Committee", during which he denied knowing who the other shareholder is. It is widely believed that the former regime arm twisted Vodafone to shed off the 5% as a kickback to high ranking officials in the regime. Safaricoms IPO on the Nairobi Stock Exchange closed in mid April 2008.
Celtel is a telecommunications company operating in several African countries and is a subsidiary of Zain Group, or "Zain" in short. It was founded by Sudanese-born Mo Ibrahim.
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