Kenya's Safaricom to expand its mobile and fiber optic network

Bob Collymore, CEO, Safaricom

Kenya‘s Safaricom Ltd plans to expand its mobile and fibre optic network and will launch a home broadband service to boost growth after posting a 17 percent rise in annual earnings.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 71.2 billion shillings ($748.7 million) in the year ended March, lifted by a 13 percent rise in revenue to 163.4 billion shillings.

Safaricom, whose capital expenditure rose 21 percent to 33.7 billion shillings, plans to expand its 3G network to cover 80 percent of the population from 69 percent at present.

Read more: Technology: Kenya's Safaricom to expand its mobile and fibre optic network | East & Horn Africa.

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