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 Monday, July 05, 2010

A stand-off between the Kenyan government and France Telekom has been resolved after three months of disputes. France Telecom, which purchased 51% of the previously state-owned Telkom Kenya threatened to withdraw its investment after a failure to trace certain assets that were in the books at the time of purchase. The shareholders said they will now focus on enhancing their partnership, in order to make the company a world-class player for the benefit of its customers and other stakeholders.

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Source: TeleGeography