KES7 billion for Kenyan Orange

18 Apr 2008

France Telecom which, together with a Dubai-based Alcazar Capital Limited, secured a 51% stake in December 2007 in Telkom Kenya, plans to invest KES7 billion (USD115 million) in the telco during 2008. The majority of the funding will be spent on the company’s new wireless network which will be based on GSM technology and will operate under France Telecom’s Orange brand name. France Telecom CEO, Didier Lombard, said ‘We are investing in Kenya for the long-term because we believe it is one of the fast growing economies in the world’, and claimed the new network will be launched ‘very soon’. About 20% of the KES7 billion investment will go towards upgrading Telkom Kenya’s international broadband capacity and fixed line network.

Kenya, Orange Group, Telkom Kenya