Tag: CAK

Yu Sale Will Have To Await New CAK Board.

Lack of Communications Authority of Kenya (CAK) board members has delayed the response of parties involved in the intended sale of Yu Mobile due to the conditions set by the regulator for approval of the deal. The cabinet secretary for the sector responsible for this Fred Matiang’i and the president ...

Safaricom Officialy Backs Out Of Yu Mobile Sale Deal.

Mobile subscriber Safaricom has officially withdrawn from Essar’s  mobile company Yu purchase not long after the regulator gave the two contenders conditional ownership. Chief Executive Officer Bob colymore has echoed the move saying the dominating telecommunications company was out of the race to acquire the assets by the time the ...

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