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Articles tagged with: Vodafone Kenya
Vodafone Reported to Have Brought Out Controversial Shareholder
It has been reported by local media that Vodafone has brought out its controversial minority shareholder in its Kenyan subsidiary. The Daily Nation newspaper reported that Vodafone may have paid as much as Sh6 billion (US$100 million) for the stake in its local holding company held by Mobitelea. more
Related Tags: safaricom, mobitelea, Kenya
Safaricom Full-Year Profits Drop 23%
Kenya's Safaricom has seen a twenty-three percent fall in its full year profits to Kshs 10.54 billion (US$136 million), from Kshs 13.85 billion (US$179 million) in the last fiscal year. The company said that the drop was due to increased depreciation in line with the increased capital investment. Revenues however were up by 14.8% to Kshs 70.5 billion (US$910 million). more
Related Tags: safaricom, mobitelea, vodafone-group, Kenya
Safaricom Subscriber Base Up - Market Share Down
Kenya's Safaricom has reported that its subscriber base has risen by 11.2 percent during the second half of 2008, although it lost market share to new entrants into the market. Safaricom said it had 13.3 million subscribers and its market share has fallen to 77 percent from 81 percent at the end of September, when it had 12 million customer. more
Related Tags: mobile-data, rsa, ict, vodafone, pyramid-research, safaricom, vodafone-group, universal-service-fund, Kenya
Safaricom Subscriber Base Jumps 50% in Six Months
Kenyan mobile operator, Safaricom has reported that it subscriber base rose over the six months to October by 50.3% over prior year position of 7.956 million to 11.956 million - while turnover increased by 20% compared to September 2007 to Kshs 34.5 billion (US$469 million). more
Related Tags: prepay, avea, wimax, vodafone, safaricom, tax, vodafone-group, Kenya
Safaricom Launches HSDPA Service in Kenya
Kenya's largest mobile operator, Safaricom has launched a HSDPA upgrade on its network in the coastal city of Mombassa - offering speeds up to 72.Mbps. The company said that it has invested Sh1.8 billion (US$27.5 million) on the network upgrade. more
Related Tags: landline, safaricom, vodafone-group, hsdpa, Kenya
Safaricom Shares Surge As Trading Starts in Nairobi
Shares in the massively oversubscribed Safaricom floatation soared when trading opened this morning on the Nairobi Stock Exchange. Share were sold to domestic investors at 5 shillings each (with 5.5 shillings for overseas investors) and jumped by 45 percent to reach 7.4 shillings by lunchtime - having at one point reached 8 shillings during the mornings trade. more
Related Tags: ipo, safaricom, maroc-telecom, vodafone-group, Kenya
Safaricom Reports 16% Jump in Full-Year Profits
Kenya's Safaricom has reported a 16 percent jump in full year profits to Sh13.9 billion ($223.7 million) as its declared subscriber base jumped by two-thirds. Pretax profit came in at Sh19.9 billion ($321 million). Sales jumped to Sh61.4 billion, from Sh47.5 billion as subscriber numbers rose by 68 percent to 10.2 million at the end of March 2008. more
Related Tags: sim-card, arpu, safaricom, vodafone-group, Kenya
Safaricom Floatation Massively Oversubscribed
Preliminary figures from the sale of shares in Kenya's Safaricom has pulled in some Sh191 billion (US$3.3 billion) in bids from local and international investors - substantially exceeding the expected Sh50 billion (US$845 million) that government had hoped to raise. more
Related Tags: ipo, safaricom, maroc-telecom, vodafone-group, Kenya
Serious Fraud Office Calls Off Vodafone Investigation
The UK's Serious Fraud Office (SFO) has called off its investigation into Vodafone's shareholding in Kenya's Safaricom - citing a lack of resources for the decision. Last year, two investigators from the SFO flew out to Kenya to investigate the identity of an mysterious co-shareholder in Vodafone's Kenyan subsidiary. more
Related Tags: safaricom, mobitelea, serious-fraud-office, Kenya
Safaricom IPO Confirmed for Next Week
The floatation of Kenya's Safaricom has resumed following the calming down of the political turmoil over the past few months. The floatation of a 25% stake held by the government will now occur on March 28th, with share trading starting on the Nairobi stock exchange in June. more
Related Tags: ipo, safaricom, mobitelea, tax, celtel, serious-fraud-office, Kenya