Telkom Kenya is poised to receive a KSh2.2 billion shareholder loan from the State to support its development programmes.
The National Assembly has allocated the funds to aid the telco's efforts in enhancing service delivery and deepening mobile broadband connectivity in Kenya.
As part of its strategy to accelerate digital transformation in Kenya and bridge the digital divide, Telkom Kenya has partnered with Ericsson and NEC XON to establish 2000 additional 4G sites in Kenya by 2023, estimated to cost $100 million.
The partnership will see the company expand its 4G/LTE coverage fourfold, from its current total of 590 4G sites, and is part of Telkom Kenya's long-term strategy to increase investments in fibre structure, mobile network, and mobile financial services.
The government holds a 40% shareholding in Telkom, while the rest is held by a British Private Equity Firm, Helios Investment Partners.
