Kenya’s largest mobile operator – Safaricom – will pay Sh2.36billion (US$27 million) for renewal of its operating licence for a further term of 10 years.
CCK announced that the renewal of Safaricom’s licence would depend on the operator paying the renewal fee upfront and meeting the set minimum quality of service standards by June 2014.
Safaricom’s initial licence term of 15 years is set to expire on June 30, 2014 but has a provision for a possible renewal for a further term of 10 years.
Addressing the media at the CCK offices, CCK Director General Mr. Francis Wangusi (pictured above) said the renewed Safaricom licence would come with a set of new licence terms and conditions negotiated between the regulator and the mobile operator.
The licence renewal fee is based on the bid price by the latest entrant Essar Telecom Kenya Limited.
By Lillian Kiarie, The Standard