𝐓𝐄𝐋𝐊𝐎𝐌 𝐌𝐔𝐒𝐓 𝐏𝐀𝐘 𝐔𝐒 𝐊𝐒𝐇𝐒𝟔𝟓𝟎 𝐌𝐈𝐋𝐋𝐈𝐎𝐍 𝐀𝐒 𝐃𝐎𝐖𝐍𝐏𝐀𝐘𝐌𝐄𝐍𝐓 𝐁𝐄𝐅𝐎𝐑𝐄 𝐖𝐄 𝐂𝐀𝐍 𝐑𝐄𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐓𝐇𝐄𝐌 𝐓𝐎 𝐓𝐇𝐄𝐈𝐑 𝐈𝐍𝐅𝐑𝐀𝐒𝐓𝐑𝐔𝐂𝐓𝐔𝐑𝐄, 𝐀𝐓𝐂 𝐊𝐄𝐍𝐘𝐀’𝐒 𝐂𝐄𝐎 𝐓𝐄𝐋𝐋 𝐒𝐄𝐍𝐀𝐓𝐄 𝐈𝐂𝐓 𝐂𝐎𝐌
The Chief Executive Officer of American Tower Corporation Kenya, Mr Thomas Sonesson, has today informed a Committee of the Senate that Telkom Kenya needs to pay ATC Kenya Kshs650 million so that it can be reconnected to its telecommunication infrastructure.
This comes after Telkom Kenya defaulted on its payment worth Kshs4 billion to ATC Kenya under their Master Lease Agreement for a tower sale and leaseback transaction, forcing the telecommunications infrastructure owner and provider to finance Telkom’s operations.