MPs review Bill seeking M-Pesa, Safaricom split

safaricom plc


Business Daily | by Edwin Mutai


MPs are set to commence debate on a Bill that seeks to compel Safaricom, Airtel and Telkom Kenya to split their telecommunications business from the mobile money transfer and lending units.

Safaricom, which dominates in the various business lines, faces the biggest threat from the new effort to break up telcos.

The Bill seeks to address concerns that Safaricom has become too big through its dominant market share in voice, mobile data and mobile money…

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