The Kenyan government has confirmed that it plans to go ahead with the sale of a 30% stake in Safaricom, the country’s largest cellular operator, by the end of this year. The government hopes to raise around KES40 billion (USD600 million) via an initial public offering (IPO) on the Nairobi Stock Exchange. The state currently owns 60% of Safaricom, with 35% held by Vodafone of the UK and the remaining 5% owned by Kenyan investment group Mobitelea Ventures. Safaricom had more than six million subscribers and a 72% market share at the end of March, according to TeleGeography’s GlobalComms database.
Subscribe
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse
Filter
Filter CommsUpdate by the following categories or use the search.
Search
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
Advertise
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors
- Regulators