Deals
Liberty-Backed Kenyan Pay-TV Firm Is Considering a Sale
- African broadband and pay-TV operator Wananchi hired Lazard
- Liberty, Altice and Helios are considering selling stakes
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Wananchi Group, an East African pay-TV and internet company, has hired Lazard Ltd. to work on a potential sale as some of its investors look for an exit, people familiar with the matter said.
Media giant Liberty Global Plc, telecommunications firm Altice Europe NV as well as London-based Helios Investment Partners are keen to sell their stakes in the Kenyan company, the people said, asking not to be identified because the deliberations are private. A sale could value the business at as much as $500 million including debt, they said.