TransCentury Limited entered into a conditional sale and purchase agreement to acquire a 5.2% stake in Cable Holdings Limited from Aureos East Africa Fund, L.P. managed by Abraaj Capital in stock on February 28, 2014. The deal is subject to regulatory approvals from the Capital Markets Authority and the Nairobi Securities Exchange. As of June 19, 2014, the Board of Directors of Trans Century has approved the acquisition. The acquisition will be achieved through an allotment of new ordinary shares in TransCentury to Aureos in exchange for the sale of 5.2% stake of the shares they hold in Cable Holdings.

TransCentury Limited completed the acquisition of 5.2% stake in Cable Holdings Limited from Aureos East Africa Fund, L.P. managed by Abraaj Capital for approximately 130 million in stock on July 14, 2014. 6.33 million shares were issued as part of the deal. The requisite statutory and regulatory approvals have been received.