CCK slaps KES2.36bn price-tag on Safaricom licence renewal

29 Jul 2013

The Communications Commission of Kenya (CCK) has indicated that Safaricom will have to pay KES2.36 billion (USD26.57 million) to renew its ten-year operating licence, which is set to expire on 30 June 2014. Speaking at a press conference on Friday, CCK director general Francis Wangusi said that the watchdog had decided to make an announcement in advance, in order to give Safaricom, Kenya’s largest mobile operator by subscribers, ample time to fulfil the Quality of Service (QoS) conditions attached to its licence renewal. The price, the CCK noted, was based on the licence fee paid by Essar Telecom Kenya (ETK) – the wireless market’s most recent entrant.