Kenya's Safaricom loses market share for fifth straight quarter

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

United States News News

The losses have been sustained by aggressive competition from the local unit of India's Bharti Airtel, the second biggest operator in the country.

REUTERS/Baz Ratner/File Photo

Kenya's biggest telecoms operator Safaricom lost a further percentage point of subscriber market share in the three months to the end of December, its fifth straight quarterly fall, data from the sector regulator showed on Tuesday. The firm, part-owned by South Africa's Vodacom and Britain's Vodafone, lost 0.9 percentage points of market share to 63.3 percent.Safaricom did not comment on the figures ahead of full-year results on May 2.

The company began losing share after opposition leader Raila Odinga called for consumers to boycott Safaricom, accusing it of playing a role in an August 2017 presidential vote whose outcome he successfully challenged in court.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who brought the indians

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kenya’s Safaricom loses market share for fifth straight quarterThe firm, part-owned by SA’s Vodacom has lost market share as opposition leader Raila Odinga called for consumers to boycott it
Source: BDliveSA - 🏆 12. / 63 Read more »

Tesla boom lifts Norway's electric car sales to 58% market shareAlmost 60% of all new cars sold in Norway in March were fully electric, the Norwegian Road Federation (NRF) said on Monday.
Source: TimesLIVE - 🏆 28. / 59 Read more »