Helios Investments May Buy Orange’s Telkom Kenya Stake

Helios negotiating to buy all or 70% of Orange’s holding in Telkom Kenya, Business Daily reports, citing Kenyan Treasury Secretary Henry Rotich.

* Orange has told Kenyan government that “Helios is a serious buyer,” Rotich says;
* Helios talks with Orange completed, firm to begin talks with Kenyan govt;
* Kenyan govt likely to retain minority stake in Kenya Telkom;
* Helios’ offices were closed and company didn’t immediately respond to e-mailed questions when Bloomberg sought comment. Source: Bloomberg