Even if there are minority shareholders in Wananchi & Telkom, the 2 entities could collaborate since the controlling shareholders will control the management of both. It's easier to have them coordinate Triple Play packages.

Over time, Helios can slowly but surely orchestrate a merger between the two by offering shares in a 'Holding Co' to the minority shareholders of each. GoK is just a lazy participant in Telkom & it would be better off having shares in a profitable Holding Co than a money-losing Telkom.

In the meantime, Wananchi can use/lease capacity from Telkom eg dark fiber while Telkom can market its services to Zuku's base of customers. In some regions/areas, Zuku can lease office space from Telkom for sales offices while Zuku salespeople can also offer Telkom's services on their menu.

Zuku (Wananchi) is strong in Nairobi & some urban areas. Telkom has infrastructure all over the country. Can Zuku leverage/upgrade Telkom's infrastructure to offer TV services to more people?

Competition is good. This is good for Kenyans.

So not taking safaricom head on but leveraging on zuku and Telkom strengths to grow each other. This makes more sense considering they are an equity fund, safaricom can on be taken out by a player their own size and even that ain't easy.

@dunkang. It's possible, their main goal is capital, dividends over a short period if equity is anything to go by

The entertainment 'area' is open for expansion. Both Safaricom and Zuku can expand in this space & they will compete. Plus there is a merger of TV, phone & 'internet' services. Look at the US where Apple has Phones, Computers & Apple TV and all are interconnected. Look at Google with Phones, internet search/browser, Youtube, etc. There's Comcast withi internet + TV. AT&T has phone + internet. And so on.