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Articles tagged with: Econet Wireless Kenya
BSNL in Talks to Buy Stake in Kenyan Mobile Operator
India's state-owned BSNL is in talks to take a stake in Essar Group's Kenyan subsidiary as part of previously reported plans to expand into the African market. Citing unnamed officials as BSNL, the Economic Times said that the two companies are in talks over a 10-15% stake in Essar Telecom Kenya. more
African Investment Fund Invests in Essar Telecom Kenya
A Kenyan mobile network operator has secured an investment of US$93.75 million from the Pan African Infrastructure Development Fund (PAIDF). The funding will be used by Essar Telecom Kenya Holdings Ltd (ETKHL) for further investment to expand the East African operations of Essar. more
Related Tags: essar-telecom-kenya, presence, Kenya
Econet Denies MTN Interest in Kenyan Network
Econet Wireless Kenya, which trades under the Yu brandname, has refuted local media reports that South Africa's MTN has offered US$450 for a stake in the company. The reports are "rumors," Chief Executive Officer Srinivasa Iyengar told reporters in Nairobi. The story emerged in Kenya's Standard newspaper. more
Related Tags: orange, lte, mtn, mobile-number-portability, iden, vas, number-portability, safaricom, telkom, essar, celtel, econet-wireless, partner, essar-telecom-kenya, yu, Kenya
Econet Kenya Signs Up 200,000 Customers in 3 Months
Econet Wireless's newest network, in Kenya is reported to have signed up 200,000 subscribers since it launched last November - and is aiming for one million customers by the middle of the year. Econet Wireless trades under the Yu brand in the country. more
Related Tags: orange, eu, lte, mobile-number-portability, number-portability, safaricom, telkom, essar, celtel, econet-wireless, yu, Kenya
Econet Wireless Secures Kenyan Network Rollout Funding
New entrant into the Kenyan mobile market, Econet Wireless (trading as Yu) has secured the Sh 35 billion (US$450 million) loan necessary to fund its network rollout. The deal had been delayed by two months after Econet reported difficulties finding credit during the current global economic downturn. more
Related Tags: orange, lte, mobile-number-portability, number-portability, safaricom, telkom, essar, celtel, econet-wireless, Kenya
Econet Finally Launches its Network in Kenya
Kenya gained a fourth mobile network as Econet Wireless Kenya (EWK) said that it will finally launch its network today - after five years of delays caused by legal problems and financial woes. more
Related Tags: orange, mobile-number-portability, number-portability, safaricom, telkom, essar, celtel, econet-wireless, yu, Kenya
Econet Delays Kenyan Launch by Two Months
Econet Wireless Kenya says that it has been granted a two month reprieve on the launch deadline for its network. The company had been required - after many delays - to launch its network by the end of next month, but successfully argued that the post-election violence had caused problems which were outside its control. more
Related Tags: essar, econet-wireless, Kenya
Econet Plans $300 Million Spend on Kenyan Network
Econet Wireless's Kenyan subsidiary has said that it is planning to spend upto US$300 million on a network roll out in order to comply with its license obligations which require the company to launch its network by this June. more
Related Tags: safaricom, essar, celtel, econet-wireless, Kenya
India's Essar Group Invests in Kenyan Operator
Africa's Econet Wireless International (EWI) has sold a 49% stake in the company to India's Essar Communications Holdings (ECHL). The companies said that the move would significantly benefit Econet Wireless Kenya (EWK), which is 70% owned by EWI, from a rollout as well as product offering perspective. Essar says that it will actively participate with EWI in the network rollout of EWK. more
Related Tags: asia-pacific, safaricom, essar, econet-wireless, Kenya
Kenyan operator finally gets legal permission to commence operations
The last legal hurdle preventing Econet Wireless from rolling out its Kenyan mobile network has been removed following a High Court decision which ruled that the company's 15-year GSM licence had been properly issued. more
Related Tags: nfc, econet-wireless, communications-commission-of-kenya