Safaricom Takes Fiber Network Coverage to More Than 200,000 Households
Telecommunication service provider Safaricom has laid down an additional 500 kilometers of fiber optic cable to 5,500 kilometers according to the first half financial year reports.
This also saw it increase fiber network coverage by an additional 30,000 households to more than 200,000 homes during the same period.
The telco reported that it earned Sh3.9 billion in revenue from fixed data, representing a 21% growth from last year.
“We maintained great momentum in our fixed service business, connecting an additional 30,000 homes in H1 (first half of the year) and more than doubling our coverage year on year,” said Safaricom CEO Bob Collymore during the company’s half-year performance briefing last Friday.
According to the data from the Communications Authority of Kenya (CA) Safaricom increased its fixed data market share from 19.4 percent in the first quarter to 21.2 percent on the back of an additional 14,537 fixed internet subscribers between March and June 2018, hitting a total of 78,104 users. The telco thus maintained its place as the fixed data market leader.
Zuku Kenya, which offers the closest competition to Safaricom in fixed internet provision, dropped its market share to 30.4% for the period to June compared to 34.4 percent as at March this year. The Wananchi Group’s firm, however, still leads the market with 112,155 subscribers despite the internal wrangles that gave Safaricom and Mawingu Ltd time to try and catch up with it.
Microsoft owned Mawingu Networks Ltd has a 21.1 percent market share according to the CA data while Jamii Telecommunications Ltd has 11.8 percent market share.
Following an increased demand of internet, Safaricom has of late expanded the home fiber Internet network covering over six towns countrywide including about 20 estates in Nairobi.
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