Disclosures contained in a transcript call covering events to the end of July, said Business Daily, reveal that Safaricom sees a licence without mobile money hurting profitability and lengthening the period to recoup the investment. CEO Peter Ndegwa said a licenve that does not include a mobile money license will significantly reduce the level of profitability and therefore in essence, Safaricom’s bid price for the licence but also the profitability and payback period.
Thank you for visiting Telecompaper
Sign up below to get access to the rest of this article and all the telecom news you need. Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.
Subscriptions Remember me