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Safaricom ups investment in connectivity

September 19, 2013 • East Africa, Mobile and Telecoms

Bob Collymore, CEO, Safaricom. The Company plans to up the level of investment in connectivity to meet what the Company expects will be higher consumer demand. (Image source: File)

Bob Collymore, CEO, Safaricom. The Company plans to up the level of investment in connectivity to meet what the Company expects will be higher consumer demand. (Image source: File)

Kenya’s leading mobile phone operator Safaricom has announced that it will increase its overall capital expenditure by some 8 percent for the fiscal year ending in March 2014. The move comes as it attempts to boost its cables across the country in order to meet Internet demand and access.

Safaricom CEO Bob Collymore said the operator “will have to continue investing in infrastructure, which will rise to KES 27 billion from KES 25 billion.” This equates to approximately $308 million.Kenya’s data usage and penetration is expected to overtake that of Egypt in five years, mostly driven by investment in fiber-optic networks and lower pricing per data unit, Collymore said.

In August the Company confirmed it had begun laying 6,000 kilometers of fiber-optic cable to connect more people to the Internet and fixed phone services.

Kenyan Internet users increased by 11.6 percent to 16.2 million in the fourth quarter of 2012.

Mohammed Awad



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