yuMobile

Essar exits telecoms with yuMobile sale to Safaricom, Airtel

India-based investment group Essar has completed the sale of its Kenyan mobile operator yuMobile, officially known as Telekom Kenya Limited (ETKL), marking the firm’s exit from the telecoms business. Fellow Kenyan operator Safaricom acquired yuMobile’s network, IT and office infrastructure assets, while Airtel has taken over its 2.55 million subscribers.

Essar sells Kenyan operation yuMobile

Investment fund Essar Group has reached an agreement to offload its Kenyan telecom business to African carriers Safaricom and Airtel for $120m.