Safaricom has announced plans to expand its existing 3G network to cover 80 per cent of Kenya’s population. The resulting expansion would push its coverage up from the current 69 per cent of Kenyans covered.It has also publicized expected plans to roll out 4G services to some 13 additional towns by the end of the year, up from the two cities it currently covers. The company also added that fiber optic cable connections would be extended to 10 more areas in the country.
Meanwhile, Safaricom is set to introduce Microsoft’s mobile devices, the Lumia 930 and Lumia 830. The devices will be available in either black or white with a premium gold finish at Safaricom outlets at recommended retail prices of KES 57,999 and KES 42,999.This comes as Safaricom plans to roll out a number of new devices for its networks and hopes that the increase in the number of devices available will help boost its continued growth.
Overall, the recent period has shown Safaricom’s capital expenditure rise 21 percent to KES 33.7 billion over the year.
Safaricom posted 17 percent growth in earnings before interest, taxes, depreciation, and amortization (EBITDA) to KES 71.2 billion from KES 60.9 billion with an EBITDA margin of 43.6 percent, up 1.4 percent.