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Bharti Airtel said that following approval from the Communication Authority of Kenya, Airtel Networks Kenya Ltd (a wholly-owned subsidiary of Bharti Airtel International Netherlands) has signed a definitive agreement with Essar Telecommunications, Kenya, to acquire over 2.7 million subscribers.
Essar Telecommunications, Kenya, operates under the brand name ‘yuMobile’.
This transaction is subject to the approval of the Competition Authority of Kenya (CAK) and is likely to be concluded by the fourth quarter of 2014, Airtel said in a filing to the stock exchange.
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