Bloomberg News

Safaricom of Kenya Expects Rivals to Increase Call Tariffs Soon

October 03, 2011

Oct. 3 (Bloomberg) -- Safaricom Ltd., the Kenyan mobile- phone operator that increased its call rates for the first time in 11 years on Oct. 1, expects rival operators to raise their tarrifs “soon,” Chief Financial Officer Chris Tiffin said.

The company plans to maintain its current rate of investment spending for the next four to five years, Tiffin said at an investor conference in Johannesburg.

To contact the reporter on this story: Sikonathi Mantshantsha in Johannesburg at smantshantsh@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net


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