The Competition Authority of Kenya (CAK) has unconditionally approved French infrastructure investor Stoa’s $27 million (Sh3.5 billion) bid to acquire 31.03 percent stake in Atlas Tower Kenya Limited.
Atlas, owned by Kalahari Capital LLC, has been operating in Kenya since 2019 with more than 450 telecom towers to date, providing key connectivity infrastructure to local Mobile Network Operators (MNOs) and Internet Service Providers (ISPs) like Safaricom, Airtel and Telkom.
