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Party call: Telecoms in East Africa set for mergers, acquisitions

A Vodacom retail store. In 2017, Vodafone Group sold its 35 per cent stake in Kenya’s Safaricom to Vodacom. PHOTO FILE | NATION

By  James Anyanzwa

Business Reporter in Nairobi, Kenya

Nation Media Group

East Africa’s mobile telephony market is set for more mergers and acquisition as stiff competition puts the revenues of the existing operators under pressure.

Global consultancy firm McKinsey&Company Ltd says regional mobile phone markets are ripe for consolidation to reduce costs, lower investment requirements and allow weaker firms to survive.

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