Telkom expects KES4bn savings

11 Aug 2006

Telkom Kenya’s restructuring plan is expected to save the firm KES4 billion (USD55 million) according to company estimates. According to a report from The East African Standard, the company is trimming its workforce, laying off around 12,000 employees, and selling off shares in its cellular subsidiary Safaricom, in which it has a 60% stake. The restructuring is aimed at making the company more attractive to investors ahead of next year’s planned sale.

Kenya, Telkom Kenya