July 30, 2014 5:05 PM ET

Wireless Telecommunication Services

Company Overview of Safaricom Limited

Company Overview

Safaricom Limited, together with its subsidiaries, provides mobile phone, fixed line wireless telecommunication, Internet, and data services in Kenya. It offers prepay and postpay mobile voice and data services to consumers and businesses; and converged services to businesses, including small and medium enterprises, and corporates. The company also provides a range of voice pricing plans on prepaid and postpaid options bundled with SMS and/or data services; voice services, including national, regional, and international roaming services; Bonga, a customer loyalty program; value added services, such as Skiza, a caller ring back tone service and Contacts back-up service; and M-PESA to send and...

Safaricom House

Waiyaki Way

Westlands

PO Box 66827

Nairobi,  00800

Kenya

Founded in 1993

Phone:

254 20 4274524

Key Executives for Safaricom Limited

Safaricom Limited does not have any Key Executives recorded.

Safaricom Limited Key Developments

Airtel Wins Case Against Safaricom to Open Up M-Pesa

The Communications Authority of Kenya (CAK) has ordered Safaricom to open up its M-Pesa platform after Airtel Kenya filed a petition, accusing Safaricom of unfair competition. It has also prohibited the mobile operator from levying extra charges on competitors using its network. This brings to an end a long battle between Airtel and Safaricom over exclusivity of the service, which barred M-Pesa agents from engaging in business with other mobile operators. In a letter signed by CAK, and sent to Safaricom and Airtel on Friday July 25, CAK ordered Safaricom to effect the directive before July 18. CAK in its ruling also declared that Safaricom's oversight shall be limited to its business with the agents. Each mobile money service provider shall also be responsible for ensuring compliance with the Central Bank of Kenya regulations.

Safaricom Limited Recommends Dividend

Following the impressive results, the board of Safaricom Limited has recommended a dividend payout of KES 0.47 per share.

Safaricom Limited Presents at Bank of America Merrill Lynch 2014 Global Telecom & Media Conference, Jun-03-2014

Safaricom Limited Presents at Bank of America Merrill Lynch 2014 Global Telecom & Media Conference, Jun-03-2014 . Venue: Bank of America Merrill Lynch Financial Centre, 2 King Edward Street, London, EC1A 1HQ, United Kingdom.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 28, 2014
Essar Telecom Kenya Limited
 

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