Friday, April 23, 2021
TechMoran
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Business

Safaricom, Airtel to take on 175 yuMobile employees

Susan Mwenesi by Susan Mwenesi
7 years ago
in Business
3 min read
0

 A total of 175 employees from the exiting yuMyumobileobile will be absorbed by rivals Safaricom and Airtel as part of the buyout by the two telecoms that is expected to be sealed this week.

According to the Business Daily, 150 out of the 197 yuMobile employees will be taken to Safaricom while Airtel will take 25.22 employees will however not be absorbed and will instead be paid to retire.

Early this year, employees from yuMobile filed a case in court seeking to stop sale of the telecom until their fate is known.

“The transaction is now almost coming into a conclusion. No deal has been signed yet but we expect this to be done either on Monday or Tuesday,” said a source privy to the negotiations.

On Friday, Safaricom announced plans to pay a sum of Sh6.9 billion to YU Mobile for the company’s assets, including frequency spectrum, transmission towers and IT equipment an effort seen as a step towards accommodating their growing subscriber base.

Rival Airtel on the other hand will pay Sh4 billion for yuMobile’s subscribers and the operating licence, meaning Airtel will have two Global System for Mobile communications (GSM) licences.

The three companies parties will notify the Competition Authority of Kenya (CAK) after the agreement.

Related posts

zoom

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
0

Drone Space Receives Certification for Commercial Drone Operations in Kenya

April 22, 2021
0

Moving Average Indicator in Forex Trading – How Does It Work?

April 20, 2021
0

All you need to know about VPNs

April 20, 2021
0

Kenya’s online trading broker EGM Securities cleared to offer NSE derivatives

April 20, 2021
0

Truecaller launches an enterprise solution for businesses to grow its revenue streams

April 15, 2021
0

“The authority is in agreement with your request to take over ‘Essar Numbering Ranges’ in order for the migrating Essar’s subscribers to retain their numbers,” Francis Wangusi, the Communications Authority of Kenya (CA) director-general said in an approval letter to Airtel.

Readers 1,067

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: AirtelSafaricomyuMobile
Susan Mwenesi

Susan Mwenesi

Interested in business, technology and all things startups in Africa!

Related Posts

zoom
Business

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
0
Business

Drone Space Receives Certification for Commercial Drone Operations in Kenya

April 22, 2021
0
Business

Moving Average Indicator in Forex Trading – How Does It Work?

April 20, 2021
0
Business

All you need to know about VPNs

April 20, 2021
0
Business

Kenya’s online trading broker EGM Securities cleared to offer NSE derivatives

April 20, 2021
0
Business

Truecaller launches an enterprise solution for businesses to grow its revenue streams

April 15, 2021
0
Business

Mi Vida Leveraging Over 200 Years Real Estate Experience to Bring Affordable Housing to Kenya

April 13, 2021
0
Business

AppGallery touting operational support, data analytics, security & marketing to onboard local banking apps

April 7, 2021
0
Business

Uber & Mastercard extend digital payment partnership across the Middle East & Africa

April 7, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Mate 50 Pro: Huawei wants to set new standards for the battery

April 23, 2021

The Perils of Digital Currency

April 22, 2021

Microsoft is working on a new Microsoft Store for Windows 10; finally.

April 22, 2021

Apple: Touch ID of new Magic Keyboard will only work with M1 Macs

April 22, 2021
zoom

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: