Kenyan home entertainment operator Wananchi Group is considering a sale as some of its investors seek to exit the business.
UK-based telecommunications company Liberty Global, Dutch peer Altice Europe and private equity investment firm Helios Investment Partners are interested in selling their stakes in Wananchi.
The sale could value the business at as much as $500 million including debt.
Bermuda-based financial advisory and asset management firm Lazard has been hired to work on a potential sale.