Kenya government opposed to lawmaker move to break up Vodafone unit

Kenya government opposed to lawmaker move to break up Vodafone unitBy Duncan Miriri NAIROBI (Reuters) – Kenya’s government is opposed to a move by a legislator to amend the law to break up the country’s biggest telecoms operator, Safaricom, the information minister said on Monday. Jakoyo Midiwo, the deputy minority leader in Kenya’s national assembly, proposed amendments to the country’s communication and banking laws aimed at breaking up Safaricom, which is 40 percent owned by Britain’s Vodafone. Joe Mucheru, the information, communication and technology minister, said the move would punish operators for innovations, and discourage investments.



Yahoo News – Latest News & Headlines