Telkom Kenya has denied reports that it will shut down its operations in Kenya.
Telkom Kenya Chief Executive Officer Mickael Ghossein however told a media briefing that the company is investing over Sh2.5 billion as it seeks to transform its operations to enhance service delivery and increase market share.
Ghossein explained that its majority shareholedr France Telecom that has 70 percent shareholding in the company is looking for strategic partners that will pump in more capital to the business.
According to Ghossein the capital expenditure is targeted at rolling out 3G network across the country, expand the national optic fibre backbone and launch the Multi Service Access Node (MSAN).
The telco is also constructing the national backbone fibre and laying of transport cables across the country in preparation for the launch of Internet connectivity via optional fibre networks in Kenya and by extension the region.
He said the company has built and is operating three of the four landing stations for fibre optics, that include The East African Marine Systems (TEAMS), Eastern African Submarine Cable System (EASSy) and the Lower Indian Ocean Network (LION II).
“These cables continue to carry Internet and private data traffic within and without the country, enabling Kenya to continue growing its National Broadband Agenda as well as the realization of the National ICT Master Plan and the country’s Vision 2030,” he said.
AUTHOR:BEN GUMO