Telkom Kenya secures loan for 3G licence

24 Jun 2010

Reuters reports that Telkom Kenya will get a shareholder loan from the Kenyan government to enable it to pay the USD10 million 3G licence fee. ‘We are giving them a shareholder loan through which they will pay [for the 3G licence] so it is actually funded by Telkom itself through a shareholder loan by the government,’ Esther Koimett, investment secretary at the Ministry of Finance, told Reuters. Although she did not say how much the loan will be, the communications regulator charges operators USD10 million for a 3G licence, under a new fees structure unveiled this month.

Kenya, Telkom Kenya