Bharti Airtel\u2019s subsidiary Airtel Kenya has signed an agreement with Telkom Kenya to merge their respective mobile, enterprise and carrier services businesses in Kenya and will operate as a combined entity named \u2018Airtel- Telkom\u2019. The combined entity will become a strong No. 2 operator in terms of both revenues and subscribers in Kenya with a 31% customer market share. \u201cAs per the agreement, both the partners will combine their operations in Kenya and establish an entity with enhanced scale, operational efficiency and strategic brand presence,\u201d Bharti Airtel said in a statement. The finalisation and closure of the transaction is subject to approval by the relevant authorities. \u201cThe entity will invest in networks to further accelerate roll out of future technologies. The Enterprise and Carrier Services businesses should benefit from a larger fibre footprint and an increased number of enterprise customers \u2014 including both large corporations and SMEs who would have access to a diverse portfolio of world-class solutions,\u201d the statement added. Also read|\u00a0Airtel DTH customer alert! Watch India versus New Zealand T20 match on Star Sports for free Financial performance of Airtel Africa continues to improve after turning positive in terms of net profit and operating free cash flow over the last several quarters. For the third quarter ending December 31, 2018, Airtel Africa\u2019s revenue grew by 11.2% on a year-on-year basis. Consequently, EBITDA margin has expanded by 1.7% Y-o-Y and stood at 37.2% for the quarter.