Telkom signs USD40m loan agreement with EIB

26 Nov 2018

The European Investment Bank (EIB) has signed a USD40 million loan agreement with Telkom Kenya, which will use the funds to expand the coverage and capacity of its 3G and 4G networks across the country. In addition to improving mobile connectivity, Telkom will also invest in its fibre-to-the-building (FTTB) network, in order to improve the quality of service offered to enterprise and corporate customers. The focus will include investments in access, core, transmission and IT components.

‘Telkom’s focus is to be Kenya’s preferred data network, which will be achieved by evolving into a stronger and future-fit telco,’ commented Telkom CEO Mugo Kibati, adding: ‘The strategic support from the EIB will give impetus to Telkom’s data network expansion, that has seen Telkom consistently enhance indoor coverage, expand our 4G network, optimise our 3G network, thereby boosting our capacity to handle mobile data traffic, in response to growing customer demand.’

Established as a telecoms operator in April 1999, today Telkom is 60%-owned by Helios Investment Partners, with the remaining stake held by the Kenyan government.

Kenya, Telkom Kenya