Friday, April 13, 2007

Kenya plans change to telecoms shareholding rules

(Reuters) - Kenya plans to modify rules compelling foreign telecoms firms to take a 30 percent local shareholding, a move sparked by the country's repeated failure to secure a second national operator.

A senior government official said on Friday the ministry of information and communications has suggested the government be allowed to hold on to the 30 percent shareholding until a foreign investor finds local partners.


Read more at Reuters Africa

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