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Articles tagged with: Econet Wireless and Safaricom
Kenya's Subscriber Growth Reaches 40% in 2008
The Kenyan market saw some major developments in the second half of 2008: in Q3, fixed operator Telkom Kenya launched a mobile network, and in the last quarter of the year, Econet Wireless finally managed to get up and running, more than five years after it was first awarded a licence. At the end of 2008, there were 15.90m mobile customers in Kenya. Annual net additions stood at 4.55m, up from 4.08m a year earlier, but proportionate growth fell from 56.0% to 40.1%. Fourth-quarter net additions increased from 0.65m in Q4 07 to 1.37 in Q4 08. more
Related Tags: orange, , tim, lte, mtn, telkom, celtel, 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, telkom, essar, celtel, partner, econet-wireless-kenya, 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, telkom, essar, celtel, econet-wireless-kenya, 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, telkom, essar, celtel, econet-wireless-kenya, 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, telkom, essar, celtel, econet-wireless-kenya, yu, 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: essar, celtel, econet-wireless-kenya, 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, essar, econet-wireless-kenya, Kenya
Kenya Awards 3rd GSM License - Again
Africa's Econet Wireless says that it has had it's GSM network license in Kenya has been returned to it by the regulator and is now planning to deploy its network early next year. The license was originally awarded in 2003 but revoked shortly afterwards by the then Kenyan Minister of Information and Communication Raphael Tuju who claimed that the company had not complied with shareholder requirements concerning local investor holdings. more
Related Tags: nfc, landline, tax, celtel