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Wednesday, November 27, 2013
HAS AIRTEL BOUGHT yuMOBILE?
Unconfirmed reports indicate that telco Airtel may have purchased the Kenya operations of Essar Communications run under the brand yuMobile.
Sources cannot seem to give a rationale for the alleged purchase but point that it could be acquisition of subscribers.
yu has been seeking ways to pay mast fees it owes Airtel and has talked of bringing in a strategic investor.
Will update as soon as we get details.