Telecom

Kenya: Telkom invests $100mln to expand its 4G network

Kenya: Telkom invests $100mln to expand its 4G network
Tuesday, 02 November 2021 19:16

Mobile operator Telkom Kenya, a joint venture between Helios Investment and the Kenyan government, signed a partnership agreement today November 2 with Swedish tech company Ericsson and the ICT systems integrator NEC XON to expand its 4G mobile network. Under this project, Telkom will invest nearly $100 million to deploy 2,000 telecom sites across the country by 2023.

Mugo Kibati (pictured), CEO of Telkom Kenya, explained that “two of our commitments are to better position infrastructure asset base and services to drive digital transformation within various customer segments thus providing them with more value, as well as bridge the digital divide through the expansion of mobile data networks.”

“We are already working on the upgrade and expansion of our network at the Coast. The partnership we have signed today will see Telkom and our partners kick off a new network expansion project, guided by our long-term growth strategy," he said.

Telkom Kenya’s new investment aligns with the company's strategic direction adopted in August 2020 to make it an integrated telecom provider and a future tech company. The plan focuses on four areas: “to better position our infrastructure asset base and services, to drive digital transformation within the Consumer, SME, Corporate and Public sectors to enable them to become smart entities; to create a future smart landing hub for the majority of submarine cables in the region as we continue to provide connectivity to all data entering and exiting Kenya; bridging the consumer digital divide - connecting the unconnected through the expansion of our 4G/LTE network, as well as through cutting-edge technologies such as Loon; up-skilling our employees to be future-fit, to serve the evolving needs of our customers,” the company said.

Mugo Kibati explained that Telkom Kenya's network expansion aims to give all Kenyans the opportunity to access "more competitive and comprehensive products that meet their different and evolving needs: browsing, downloading, streaming, mobile money transactions, reading online news, and updating their applications.” It is also a way for the company to attract new consumers and generate additional revenue in a market dominated by Safaricom.

Muriel Edjo

On the same topic
Telecom companies in the Democratic Republic of Congo (DRC) must open 25% of their capital to local investors by July 2027. The measure retroactively...
Burkina Faso plans to mobilize diaspora expertise to strengthen its national digital ecosystem. Digital Transition Minister Aminata Zerbo/Sabane...
Mauritania cuts smartphone import tax, launches digital customs clearance system Users must clear phones within 15 days or face line...
Ooredoo extends 5G coverage to all 58 Algerian wilayas Rollout exceeds first-year license requirements set by authorities Operator plans more...
Most Read
01

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
02

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
03

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
04

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
05

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.