">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Monday, January 18, 2021
  • 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
No Result
View All Result
TechMoran
">
Home Telcos

Airtel Kenya Will Have rights to Yu brand for the next two years

Caroline Vutagwa by Caroline Vutagwa
6 years ago
in Telcos
3 min read
0

calls

 

Airtel Kenya has said it is ready to pay KSh4 billion to acquire Yu’s subscribers and its operating licenses. Meanwhile, it will cost Safaricom KSh7 billion to acquire Yu assets including its frequency spectrum.

However, Airtel will have the right to use the Yu brand for the next two years. As a result, Airtel wants to fully own the brand and is willing to pay more to Essar.

The deal pushes Airtel subscribers to 7.5 million from the previous 5 million, narrowing the gap with Safaricom, which has 21 million customers. After reaching a definitive agreement with Yu’s owner, the Indian conglomerate Essar Group, the three parties will have to get approval from The Communications Authority of Kenya so as to seal the agreement.

Safaricom and Airtel will be taking up the 175 employees of Yu. The two telcos have agreed that Safaricom will take 150 employees and Airtel 25 of them. yuMobile, which is owned by Indian conglomerate Essar, has 197 employees excluding the expatriates, meaning 22 employees will not be absorbed in the arrangement and will have to be paid off.

Kenya’s telecommunications sector will be left with only three players: Safaricom, Airtel and Orange.

Related posts

safaricom

Safaricom Issues Serious Changes They Will Be Making In 2021

December 21, 2020
0

Scammers Are Back With A New Festive Plan To Steal Money From You Using Safaricom

December 18, 2020
0

Rwanda’s Biggest Mobile Provider Runs To Government For Help After Facing Serious Competition From Airtel

December 17, 2020
0
Wole Abu, CEO Liquid Telecom and ADC Nigeria

Liquid Telecom appoints Wole Abu as CEO for Liquid Telecom and its new Africa Data Centre in Nigeria

December 14, 2020
0
Readers 909

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

Caroline Vutagwa

Caroline Vutagwa

Minding my own business is not enough for me that's why you will always find me minding Africa's Businesses as well as Technology and of course letting you know about it. Talk to me on [email protected]

Related Posts

safaricom
Telcos

Safaricom Issues Serious Changes They Will Be Making In 2021

December 21, 2020
0
Telcos

Scammers Are Back With A New Festive Plan To Steal Money From You Using Safaricom

December 18, 2020
0
Telcos

Rwanda’s Biggest Mobile Provider Runs To Government For Help After Facing Serious Competition From Airtel

December 17, 2020
0
Wole Abu, CEO Liquid Telecom and ADC Nigeria
Leadership

Liquid Telecom appoints Wole Abu as CEO for Liquid Telecom and its new Africa Data Centre in Nigeria

December 14, 2020
0
People

MTN’s Oliver Fortuin to take over as SEACOM Group CEO as Byron Clatterbuck resigns

December 10, 2020
0
Telcos

Airtel Kenya, Nokia Establishing 5G Network

December 2, 2020
0
mpesaglobal
Telcos

M-Pesa May Soon Be Forced To Split From Safaricom And Work Independently

November 20, 2020
0
Business

Safaricom CEO creates new positions, merges others in a consolidation move

November 18, 2020
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi

How To Measure How Much You Walk On Your iPhone

January 17, 2021

How To Scan and Sign Documents Directly From Your iPhone

January 17, 2021

realme to release more phones in 2021 to grow its smartphone market share

January 16, 2021

What You Need To Know To Manage Your Network Effectively

January 16, 2021

Baidu establishes an Intelligent electric vehicle arm to bring autonomous cars on a road near you

January 15, 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

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

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: