This archive report was first published on 14 May 2021.
On May 14, 2021, Telkom Kenya announced the creation of two wholly-owned subsidiaries to house its Digital and Financial Services business, aimed at enhancing service delivery.
The move is part of the telco's ongoing digital transformation efforts, which began in August 2020. The objective was to better position Telkom Kenya's infrastructure asset base and services to drive digital transformation within the consumer, small business, corporate, and public sectors.
The Digital Subsidiary will offer a range of services, including Data Centre Services, Cloud, Managed Services, Connectivity, Broadband, Carrier-to-Carrier traffic, and Backbone Infrastructure. Financial Services will be offered through the firm's T-Cash platform.
Established in April 1999, Telkom is 60% owned by Helios Investment Partners, with the remaining stake held by the Government of Kenya. The telco has 4,152 km of its own terrestrial fibre cabling, serving as a critical conduit for broadband connectivity inland.
It also owns a 22.5% stake in TEAMS, a 5,000km undersea fibre optic cable through Fujairah, UAE, and a 10% stake in LION2, another 2,700km undersea fibre optic cable through Mauritius. The telco has a stake in the East African Submarine System Cable (EASSy) and manages the National Optic Fibre Backbone Infrastructure (NOFBI), on behalf of the Ministry of ICT.
