![](https://www.pymnts.com/wp-content/uploads/2020/05/shutterstock_641720062-e1596788876758.jpg)
Airtel and Telkom Kenya have won their appeal against merger conditions instituted upon them by the Competition Authority of Kenya (CAK).
In its ruling made on Monday, May 4, the Competition Tribunal overturned the majority of the conditions placed upon the two units when the CAK approved their proposed merger on December 13.
Opposed to the tough conditions, the pair had moved to appeal the conditional merger rules in January.
The two companies have now been allowed to keep their existing network licenses in accordance with conditions imposed by the CAK including the 900 megahertz (MHz) and 1800 MHz spectrum owned by Telkom.
Further, the Tribunal has lifted the prohibition barring the merged entity from entering into commercial agreements within the first five years including sale agreements but limits the entity from being taken over or floating more than 40% of its stake.
Full Content: Citizen TV
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich