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Bharti Airtel, Safaricom confirm talks to acquire Yu assets

2014-03-04 23:57:00| Telecompaper Headlines

(Telecompaper) Indian communications carrier Bharti Airtel confirmed that its subsidiary Airtel Networks Kenya has sought approval from the Communications Authority of Kenya (CAK) to acquire the telecommunications licences and subscribers of Essar Telecom Kenya, which operates under the brand name Yu. Bharti said that under the proposed arrangement, over 2.7 million Yu customers would become part of Airtel Kenya's mobile network. The company did not provide further details. Kenya's leading mobile operator, Safaricom said it was also in talks to acquire a stake in Essar Telecom and take over Yu's network assets. Safaricom plans to buy Yu's base stations to support its efforts to improve network quality. No financial details of the proposed transaction were disclosed. According to the latest statistics from CAK, Yu holds a market share of 8.8 percent in the country, putting it in third place ahead of Orange Kenya. 

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Peoples Electric Manages a Tidal Wave of Assets

2014-03-04 18:57:00| Transmission & Distribution World

By John W. Hudson and Billy R. Huffman, Peoples Electric Cooperative SMART tool provides platform to evaluate asset conditions. read more

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Advanced Disposal Buys Roscoe Disposal Assets

2014-03-04 14:43:00| Waste Age

Advanced Disposal Services Inc. has purchased certain assets of Roscoe Disposal LLC, expanding the companys position in Illinois. read more

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Kroger approaches Tom Thumb parent Safeway about buying some assets

2014-03-03 21:20:22| Grocery - Topix.net

Kroger Co., the largest U.S. supermarket chain, recently approached Safeway Inc. about buying part of its operations, people with knowledge of the matter said.

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ENI awards framework to Atkins for Western Australian assets

2014-02-26 01:00:00| Offshore Technology

Italian integrated energy company ENI has awarded a two-year framework to Atkins for the provision of general engineering services.

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