Airtel risks forced sale in expired licence row
Published by
Business Daily

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. Airtel Kenya is locked in a court stalemate with the Communications Authority of Kenya (CA) over the renewal of its operating licence, with the regulator insisting that th…

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