• Latest
  • All
  • How To
Government looking for an investor for Telkom

Government on the Search for Strategic Telkom Investor

June 26, 2023
ICT CS William Kabogo

Letting Your Kids Watch Porn? Kabogo Says You’ll Be Charged

July 18, 2025
Mobile money services

How to Send Money Across Borders in East Africa

July 18, 2025
iOS 26

Apple Sues Tech YouTuber Jon Prosser Over iOS 26 Leak

July 18, 2025
How to Process and Pay Rental Income Tax Using Govt Paybill 222222

How to File and Pay Monthly Rental Income on iTax

July 18, 2025
DHgate Tablet Cases deals
Neon Phones: Consistent Market Share Decline Since Local Assembly Launch

Kenyans Have Ditched the Neon Smartphones Despite Local Assembly Efforts

July 18, 2025
chatgpt

ChatGPT Record Mode Now Available on MacOS for Plus Users

July 18, 2025
Malware

Hackers Now Using DNS Records to Sneak in Malware

July 18, 2025
samsung one ui 8

Samsung Tops Global Smartphone Market Despite Slow Growth

July 18, 2025
Mercedes-Benz

Mercedes Benz Brings Microsoft Teams Video Calls to Its Cars

July 18, 2025
Safaricom Home Fiber

Six-Year Flaw in the Safaricom Home Fiber System Finally Patched

July 17, 2025
Betting Selfie and ID rules

Betting Rules Now Require Selfie and ID to Prove Identity

July 17, 2025
DuckDuckGo

DuckDuckGo Outage Hits Millions of Users

July 16, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

Government on the Search for Strategic Telkom Investor

Sakwa Kombo by Sakwa Kombo
June 26, 2023
in News
Reading Time: 3 mins read
268
0
Government looking for an investor for Telkom

The government is looking for a strategic partner who can take on Telkom’s current debt of KSH 7.2 billion. The move is meant to save the telco that is sinking into debt.

Moreover, the government sees the move as critical to reducing the risk of spying on critical government information. Telkom’s network infrastructure is used by government agencies including the military.

As an alternative, the government may look to the National Treasury to bail out Telkom with funds from public coffers.

Information, Communication, and the Digital Economy Cabinet Secretary Eliud Owalo told parliament: “We are in a situation where Telkom is unable to pay. We are exploring ways and means of getting support and intervention from the National Treasury if any”

Furthermore, Broadcasting Principal Secretary Prof. Edward Kisiang’ani, says Telkom’s legal status is contestable. Currently, a number of Telkom’s 723 Towers have been shut down by American Tower Corporation (ATC)

Today, Kileleshwa Members of the County Assembly (MCA) Robert Alai, lamented on the lack of internet connectivity on the network for the past 2 months.

Telkom responded to his complaints by stating: “our team is working to resolve this with utmost priority as soon as there’s an update it will be communicated”

Will the Investor Succeed?

Currently, the government of Kenya fully owns Telkom. Having stated their intentions to get in a strategic investor, the public will wait to see how that plays out.

In the past, Telkom has had external investment from France Telecom (Orange) and Helios Investment (Jamhuri Holdings Ltd). On both occasions, Telkom did not experience any significant change of fortunes.

Read: Telkom Service Outages: The Cumulation of Bad Service Provision and Controversy

In admitting defeat and exiting the market both investors pointed the finger at the government.

As part of a recent media interview, Helios chief financial officer (CFO) Paul Cunningham again pointed a finger at the government.

He said: “The overriding thought was that we were still partners with the government of Kenya in this deal so we still felt that we could do something to turn around this investment and we didn’t want to completely alienate our partners even though they were taking steps that were against the interest of Telkom Kenya itself.”

The CFO accurately predicated that the government will seek to bring in an investor. However, he expressed his reservations on the attractiveness of the partnership.

Tags: Telkom
SendShare149Tweet93
Sakwa Kombo

Sakwa Kombo

My Bio is in my written articles.

Related Posts

Mobile Data

Kenya Draws More Tourists as Mobile Data Roaming Soars

July 3, 2025
the process of setting up an Internet service provider (ISP) in Kenya

Airtel Rises While Safaricom Drops in Network Quality Scores

June 30, 2025
Safaricom, Airtel, Telkom lawsuit

Safaricom, Airtel, Telkom and CA Sued in Data Rollover Lawsuit

May 28, 2025
Private Number calls

How to Handle Private Number Calls in Kenya

May 12, 2025
Telkom Kenya

Telkom Kenya Teams Up with Rakuten and Airspan to Pioneer Open RAN Tech

March 12, 2025
Eassy and seacom cable cuts cable repair ship

3-Day Journey: Cable Repair Ship Mobilized to Restore East Africa’s Internet

May 16, 2024

Latest

ICT CS William Kabogo

Letting Your Kids Watch Porn? Kabogo Says You’ll Be Charged

July 18, 2025
Mobile money services

How to Send Money Across Borders in East Africa

July 18, 2025
iOS 26

Apple Sues Tech YouTuber Jon Prosser Over iOS 26 Leak

July 18, 2025
How to Process and Pay Rental Income Tax Using Govt Paybill 222222

How to File and Pay Monthly Rental Income on iTax

July 18, 2025
Neon Phones: Consistent Market Share Decline Since Local Assembly Launch

Kenyans Have Ditched the Neon Smartphones Despite Local Assembly Efforts

July 18, 2025
chatgpt

ChatGPT Record Mode Now Available on MacOS for Plus Users

July 18, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Letting Your Kids Watch Porn? Kabogo Says You’ll Be Charged

July 18, 2025

How to Send Money Across Borders in East Africa

July 18, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Hackers Now Using DNS Records to Sneak in Malware

Samsung Tops Global Smartphone Market Despite Slow Growth

Mercedes Benz Brings Microsoft Teams Video Calls to Its Cars

Six-Year Flaw in the Safaricom Home Fiber System Finally Patched

Betting Rules Now Require Selfie and ID to Prove Identity

DuckDuckGo Outage Hits Millions of Users

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.