• Latest
  • Trending
Safaricom’s fixed internet revenue, now worth KES 7.4 billion

Safaricom’s fixed internet revenue, now worth KES 7.4 billion

November 14, 2023
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Safaricom’s fixed internet revenue, now worth KES 7.4 billion

Felicia Akindurodoye by Felicia Akindurodoye
November 14, 2023
149 1
0
Safaricom’s fixed internet revenue, now worth KES 7.4 billion
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Safaricom Plc Kenya has announced that its fixed internet business had a 9.1% increase in income, bringing the total to Ksh 7.4 billion for the six-month period ending in September 2023. On Thursday, the telecommunications company disclosed this information in conjunction with the publication of its 2023/2024 Half Year Results.

Customer growth is the primary factor that Safaricom cites for the expansion of their fixed internet business, which includes the rollout of fiber to the home.  

When compared to 173,000 over the same time period the previous year, the number of home fiber users had climbed by 29% as of September 2023, reaching a total of 223,000. 

Read also: Safaricom announces increased net income in Kenya

RelatedPosts

Safaricom, Meta to build Kenya’s first subsea internet cable

Safaricom reduces business fibre prices by 25% to attract SMEs

Safaricom maintains KES 48 billion dividend payout with shareholders approving KES 0.65 per share

More About Safaricom 

Back in 2014, in order to meet the growing demand from customers for internet streaming services, Safaricom began rolling out its residential fiber service. Despite the fact that the telecommunications company was late to the party, the service has become one of its most important offers and now connects thousands of households all over the country. 

The service is currently offered in a number of Kenyan towns, including but not limited to Nairobi, Nakuru, Mombasa, Kisumu, Eldoret, Thika, Bungoma, Kitale, Nyeri, and Nanyuki.  As part of a plan to build up its wireline business, the company has set a goal of connecting one million households in Kenya to full-fiber links. This will be accomplished as part of the planned ramp-up.

Stephen Maina, Senior Manager of Safaricom Home Fibre Products and Services, disclosed in a previous interview that was broadcast on our 24Bit podcast that the telecommunications company was working toward making the service accessible to a greater number of people in Kenya.

‘’We have worked so hard to make sure all homes are connected,’’ he said.

A brief on Maina

Stephen Maina is a devoted telecommunications expert with over a decade of expertise in a variety of fields. He has worked in a wide range of industries. He is a Senior Manager in Fixed Data Tribe, and his primary area of responsibility is the consumer space. He is in charge of all the problems that can be solved using Home Internet. 

In a nutshell, his typical workday would consist of collaborating with teams who work across functional lines to develop new products or features that will improve the overall quality of the customer experience and increase the company’s market share.

Safaricom users can obtain 4G smartphones with 12 months payment plan

How Safaricom still leads in Kenya

According to recent statistics released by the Communication Authority of Kenya (CA), Safaricom continues to be the leading Internet service provider (ISP). With 427,003 fixed internet data subscribers (including residential and business), the company now holds a 36.2% market share, with Jamii Telecom Limited (JTL) coming in second.

The majority of fixed data/Internet subscribers in Kenya are using speeds greater than or equal to 2 Mbps and less than 10 Mbps, according to data from CA’s sector statistics report. Notably, the report states that fiber technology was used to connect 60.2% of fixed data/Internet subscribers.

Increased 5G Wi-Fi volumes for Home Consumer packages, which offer 400GB for 3,499/-, 800GB for 5,999/-, and 1500GB for 9,999/-, were also recently announced by Safaricom. Unlimited plans are available with 5G Wi-Fi for Business, with 10 Mbps starting at Kes 4,000.

Tags: fixed internet revenueSafaricom
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.