Econet expects rapid subscriber growth

20 Feb 2009

Econet Wireless is targeting one million Kenyan subscribers by July, and reported it had already gained 200,000 customers since it first launched services in November last year. Acting MD Srinivasa Iyengar told Reuters, ‘In another two to three years, we should have four to five million subscribers easily.’ Comms Update reported at the beginning of February that Econet Wireless had overcome its difficulties in raising finance and had secured a KES35.5 billion (USD450 million) loan to support the rollout of its network expansion plans.

Kenya, Essar Telecom Kenya (yu)