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CA Fines Safaricom Ksh449 Million For Failing To Connect Smaller Firms

safaricom
Safaricom CEO Bob Collymore. [PHOTO/ COURTESY]

safaricom

Kenya’s biggest mobile service provider Safaricom is facing a Ksh449 million fine which is a 0.2 percent of its gross revenue for the last financial year.

Communications Authority of Kenya (CA) on Monday said the fine was because the telco failed to connect smaller firms, allegations Safaricom has denied.

On Friday, the telco’s chief executive Bob Collymore said that the firm is not abusing its dominance in the market and wants the regulator to remove a proposal regulating consumer prices.

Proposals by the CA would also block Safaricom from introducing into the market products or services unless they are replicable by other operators.

Read: Branch to Offer Financing to Merchants Accepting Payments via Visa in Kenya

Should the regulations be implemented, Safaricom would be forced to share infrastructure like transmission sites and mobile money outlets with its rivals.

Safaricom has allegedly secured a temporary suspension of the fine pending a hearing before an industry tribunal.

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Written by Eva Nyambura

Content creator at Kahawatungu.com | Passionate about telling the untold story. Lover of life, music and technology. Simplicity is KEY

Email: news@kahawatungu.com

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