Telkom Kenya is set to receive a KSh2.2 billion shareholder loan from the State, after the National Assembly allocated the funds to support the telco’s development programmes.
In May last year, the telco announced plans to create two wholly-owned subsidiaries to house its digital and financial services businesses as part of an effort to enhance service delivery.
The government holds a 40% shareholding in Telkom, while the rest is held by a British Private Equity Firm, Helios Investment Partners.
In November last year, Telkom Kenya announced a partnership with Ericsson and NEC XON to deepen mobile broadband connectivity in Kenya, as part of its strategy to accelerate digital transformation in Kenya and bridge the digital divide. The company is targeting to establish 2000 additional 4G sites in Kenya by the year 2023, estimated to cost $100 million.
The partnership will see the company expand its 4G/LTE coverage fourfold, from its current total of 590 4G sites.
The network roll-out partnership with NEC XON and Ericcson is part of Telkom Kenya’s long term strategy to increase investments in fibre structure, mobile network, and mobile financial services with a goal of enhancing service provision and customer experience.
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