Tag: Telkom Kenya

Safaricom, Airtel and Telkom Kenya to split their telecom and mobile money business units if new bill passes

Safaricom, Airtel and Telkom Kenya to split their telecom and mobile money business units if new bill passes

Broadband, Internet, Mobile
Safaricom, Airtel and Telkom Kenya will be required to split their telecommunications business from their mobile money transfer and lending units if a Bill set to be presented for debate in Parliament is passed into law. The Kenya Information and Communications (Amendment) Bill 2019, which is sponsored by Gem MP Elisha Odhiambo, is seeking to compel mobile phone companies to form separate arms to manage any other business they engage in outside telecommunications services. In a move that could complicate the business environment for the telcos, the Bill says they will have to apply for licences "from the respective regulators of any industry or sector ventured into". They will also be required to "legally split or separate the telecommunciations business from such other business. ...