Mauritius Firm Axian Telecom Acquires Zuku-Owner Wananchi Group

Mauritius Firm Axian Telecom Acquires Zuku-Owner Wananchi Group

Nairobi -- Mauritius-based telecommunications firm Axian Telecom has acquired a 99.63 percent stake in Wananchi Group Holdings Ltd, the parent company of Zuku and Simbanet, for an undisclosed amount, marking one of the biggest takeovers in East Africa's broadband market this year.

Madagascar-Based Firm, Yas, Acquires Zuku & Simbanet In UGX222bn Deal, Strengthens Fibre Leadership Across East Africa » Business Focus

Yas and Wananchi Group officials after addressing the press at Athena Hotel in Kampala Yas, a subsidiary of AXIAN Telecom Holding & Management PLC, has officially completed the acquisition of 99.63% of Wananchi Group (Holdings) Ltd, the parent company of Zuku and Simbanet, in a transaction valued at approximately US$63 million (UGX221.9bn). The acquisition marks a major milestone in AXIAN Telecom’s regional growth strategy, consolidating its lea…

AXIAN Telecom Expands East African Footprint with Acquisition of Wananchi Group - Innovation Village | Technology, Product Reviews, Business

AXIAN Telecom’s fibre subsidiary, Yas, has moved to deepen its footprint in East Africa’s broadband market with the acquisition of almost all of Wananchi Group, one of the region’s most established fixed internet and enterprise connectivity players. AXIAN Telecom Fibre Ltd, which trades as Yas, has completed the purchase of 99.63% of Wananchi Group (Holdings) Ltd. The deal gives Yas control of a business that has built a strong presence in Kenya…

Atlas Kenya acquired by French investor Stoa in $27m deal

The Competition Authority of Kenya (CAK) has approved the acquisition of Atlas Kenya by French infrastructure investor Stoa S.A.S. for $27 million (Sh3.5 billion). This deal is one of the largest telecom infrastructure transactions in the country this year, reflecting renewed confidence from foreign investors in Kenya’s expanding digital economy. Atlas Kenya operates more than 450 telecom towers across the country and supports major telecommunic…

Axian Telecom Acquires Zuku Parent Company Wananchi Group

AXIAN Telecom on Wednesday announced it has finalized its acquisition of a 99.63% stake in Wananchi Group (Holdings) Ltd, the parent company of Kenyan consumer broadband provider Zuku and enterprise-focused Simbanet. The deal, completed through AXIAN’s fibre optics subsidiary, AXIAN Telecom Fibre Ltd (“Yas”), marks the company’s major strategic entry into Kenya’s and Uganda’s fixed … The post Axian Telecom Acquires Zuku Parent Company Wananchi G…

Axian Telecom Finalises Acquisition of Kenya's Wananchi Group

Axian Telecom, the Mauritius-headquartered pan-African telecoms service provider, has officially completed the acquisition of a controlling 99.63% stake in Kenya’s Wananchi Group (Holdings) Ltd., the parent company of popular Kenyan broadband and pay-television brand Zuku. The multi-billion shilling deal was facilitated by Axian’s subsidiary Yas and backed by international debt investors including the International Finance Corporation (IFC). For…