Telkom Kenya seals €35-million loan to extend network

7 December 2018

Telecoms

The European Investment Bank (EIB) has offered a loan of €35-million (approximately US$40 million) to Telkom Kenya, the East African country’s third biggest operator.

The company’s objective is to use the loan to extend its mobile and data services and predict an increase in market share.

However, the operator has not disclosed exact details as to how it aspires to achieve the objectives using the loan or relevant timeframes and/or contractors. According to the loan consensus, the operator will boost its 3G and 4G coverage and invest in its Fibre-to-the-Building (FTTB) network.

Source: All Africa