Safaricom beats expectations as profit soars 20% to $550M

[kennedy0000]

vodacom gave Vodafone only 4% of Vodacom in exchange of 35% of safaricom.

The same Vodacom SA giving out 4% was also still partly owned by Vodaphone.
In essence, Vodaphone still owns Vodacom which still owns Safaricom.

 

[Geza Ulole]

The same Vodacom SA giving out 4% was also still partly owned by Vodaphone.
In essence, Vodaphone still owns Vodacom which still owns Safaricom.

If 4% of Vodacom means 35% of Safaricom the better shut up. Safaricom is 40 % owned by Vodacom SA plus Vodafone together aside other foreign shareholders. It's good that JPM forced all mobile companies in Tanzania to list.

 

[Geza Ulole]

Stocks
Vodafone realigns shareholding following Safaricom sale
By Macharia Kamau
Published: Sep 6th 2017 at 22:22, Updated: September 6th 2017 at 22:22

Vodafone realigns shareholding
SUMMARY

• UK’s Vodafone has sold a 5.2 per cent stake in its South African subsidiary Vodacom
• In the transaction, Vodafone got Vodacom stock that had the impact of raising its stake in the South African telco to about 70 per cent

UK’s Vodafone has sold a 5.2 per cent stake in its South African subsidiary Vodacom as part of a regulatory requirement following the sale of its shareholding in Safaricom.

After announcing the transaction on Wednesday, Vodacom’s share price at Johannesburg Stock Exchange (JSE) went down by more than six per cent.

The sale of 90 million shares for $1.15 billion (Sh115 billion) in a private placement reduces Vodafone’s stake in Vodacom to 64.99 per cent.

Vodafone sold 35 per cent shareholding in Safaricom in May this year and was left with five per cent in a deal valued at Sh260 billion.

In the transaction, Vodafone got Vodacom stock that had the impact of raising its stake in the South African telco to about 70 per cent.

Minimum threshold

The deal pushed the proportion of Vodacom’s shares to below the JSE’s minimum threshold of 20 per cent.

“As part of the Safaricom transaction, Vodafone therefore committed to Vodacom that it would sell down a sufficient number of shares to ensure that Vodacom will meet the 20 per cent minimum free float requirement on the JSE,” Vodafone and Vodacom said in a joint statement.

After the South African market closed on Tuesday, Vodafone sold the shares to institutional investors for 165 rand apiece, compared with Vodacom’s closing price of 178.30 rand.

Shares in Vodacom, South Africa’s market leader, were down 6.5 per cent at 166.75 rand in morning trade. Safaricom’s share at Nairobi Securities Exchange closed at Sh24.50, down one per cent.

RELATED TOPICS:
vodacom
vodafone
Safaricom

Vodafone realigns shareholding following Safaricom sale

 

[Geza Ulole]

Vodafone transfers a 35% interest in Safaricom to Vodacom in exchange for new ordinary shares in Vodacom
15 May 2017
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Vodafone Group Plc (“Vodafone Group”) announces today that its wholly-owned subsidiary, Vodafone International Holdings B.V. (“Vodafone”), has agreed to transfer part of its indirect shareholding in Safaricom Limited (“Safaricom”) to Vodacom Group Limited (“Vodacom”), its sub-Saharan African subsidiary. Based on the agreed terms of the transaction, Vodafone will be exchanging a 35% indirect interest in Safaricom for 226.8 million new ordinary Vodacom shares. The transaction, which has a value of €2,361 million based on Vodacom’s closing share price on Friday 12 May 2017, will increase Vodafone’s ownership in Vodacom from 65% to 70%. Vodafone will continue to hold a 5% indirect interest in Safaricom following the transfer, in addition to the indirect interest held through Vodacom.

As part of the transaction, Vodafone Group has given appropriate assurances to the Government of Kenya to ensure the ongoing success of the long standing partnership between Safaricom, the wider Vodafone Group and the Government of Kenya.

Transaction rationale

The transaction is expected to generate clear benefits for Safaricom, Vodacom and Vodafone Group:

• Vodafone Group streamlines and simplifies the management of its sub-Saharan African holdings;
• Strengthens alignment and cooperation between Safaricom and Vodacom and provides greater scope to share talent and expertise across the region as well as internationally; and
• Vodacom gains exposure to the attractive Kenyan market and one of the most successful and innovative telecoms companies in Africa, further enhancing its investment case and strategic position.

Transaction details

Vodafone currently holds a 40% indirect interest in Safaricom through a wholly-owned subsidiary, Vodafone Kenya Ltd (“VKL”). Vodacom has agreed to acquire an 87.5% shareholding in VKL, representing a 35% indirect interest in Safaricom. Vodafone will retain the remaining 12.5% shareholding in VKL, representing a 5% indirect interest in Safaricom.

Vodacom has agreed to issue 226.8 million new ordinary Vodacom shares to Vodafone, which values the effective 35% indirect interest in Safaricom at €2,361 million based on Vodacom’s closing share price on Friday 12 May. The implied exchange ratio of 1.62 new Vodacom shares for every 100 Safaricom shares compares to an implied exchange ratio of 1.56 based on the 90 day VWAP, 1.63 based on the 180 day VWAP and 1.72 based on the closing prices on Friday 12 May.

Following the transaction, Vodafone Group will continue to report its direct and indirect holdings in Safaricom under the equity method. The transaction is not expected to have a material impact on Vodafone Group’s free cash flow or its earnings.

After the transaction completes, Vodacom is expected to have a free float of approximately 18%, which means that it will not meet the minimum free float requirement of 20% for its listing on the Johannesburg Stock Exchange (“JSE”). Consequently, Vodacom has secured a two year exemption from the free float requirement from the JSE. Vodafone has committed to Vodacom that, if required, it will sell down a portion of its shareholding in Vodacom before the exemption expires.

Conditions to completion and indicative timetable

Completion of the transaction is subject to a number of conditions, including approvals from Vodacom minority shareholders, approval from the Financial Surveillance Department of the South African Reserve Bank and confirmation from the Kenya Capital Markets Authority that the Transaction does not trigger an obligation for Vodacom to make a mandatory bid for Safaricom.

A committee of Vodacom’s independent non-executive directors has unanimously approved the transaction. Vodacom has appointed an independent expert, Deloitte & Touche to provide a fairness opinion on the proposed transaction which will be included in the circular to be distributed to Vodacom shareholders on or about 5 July 2017 with the general meeting to approve the reorganisation expected to take place on or about 15 August 2017.

The transaction is expected to close in the third quarter of the 2017 calendar year.

For further information:

Media Relations
www.vodafone.com/media/contact

Investor Relations
Telephone: +44 (0) 7919 990 230

About Vodafone Group

Vodafone Group is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 26 countries, partners with mobile networks in 48 more, and fixed broadband operations in 17 markets. As of 31 December 2016, Vodafone Group had 470 million mobile customers and 14.3 million fixed broadband customers. For more information, please visit: www.vodafone.com

About Safaricom

Safaricom transforms lives.

Safaricom provides voice, data, financial services and enterprise solutions for a range of subscribers, small businesses and government, using a variety of platforms. As the biggest communication company in East and Central Africa, Safaricom delights over 28 million subscribers, providing over 200,000 touch points for its customers and offering over 100 different products under its portfolio.

Listed on the Nairobi Securities Exchange and with annual revenues in excess of Kshs 200 Billion, Safaricom invested Kshs 38 billion in building its network last year, providing over 80% of Kenya’s population with 4G, 3G and 2G coverage. Safaricom has harnessed its proprietary fibre infrastructure to build a dedicated enterprise business, providing managed IT services to clients in the East African region, as well as to deliver fibre to homes country-wide. Safaricom pioneered commercial mobile money transfer globally through M-PESA, the most successful service of its kind anywhere in the world. Launched in March 2007, M-PESA now has over 26 million customers and over 140,000 M-PESA Agent outlets countrywide.

About Vodacom

Vodacom is a leading African mobile communication company providing a wide range of communication services including mobile voice, messaging, data and converged services to over 66 million customers. Vodacom has mobile network operations in South Africa, Lesotho, Tanzania, the DRC and Mozambique. Through Vodacom Business Africa, Vodacom also offer business managed services to enterprises in over 30 countries across the continent.

Financial advisor

UBS is acting as sole financial advisor to Vodafone on the transaction.

Vodafone transfers a 35% interest in Safaricom to Vodacom in exchange for new ordinary shares in Vodacom

 

[Geza Ulole]

I see Kenyans having only 35%

Shareholders

Name Equities %
Vodafone Group Plc 16,000,000,000 39.9%
Government of Kenya 14,022,572,580 35.0%
Fidelity Mgt & Research Co. 863,764,408 2.16%
Harding Loevner LP 440,268,418 1.10%
Schroder Invest. Mgt Ltd. 144,913,262 0.36%
Van Eck Associates Corp. 120,397,300 0.30%
Genesis Invest. Mgt LLP 100,417,600 0.25%
Norges Bank Invest. Mgt 99,492,291 0.25%
JPMorgan Asset Mgt (UK) Ltd. 91,362,443 0.23%
BlackRock Fund Advisors 81,615,867 0.20%

Safaricom Plc company : Shareholders, managers and business summary | NAIROBI STOCK EXCHANGE: SCOM | 4-Traders

 

[kennedy0000]

If 4% of Vodacom means 35% of Safaricom the better shut up. Safaricom is 40 % owned by Vodacom SA plus Vodafone together aside other foreign shareholders. It's good that JPM forced all mobile companies in Tanzania to list.

Vodacom SA is bigger than Safaricom. Nobody disagreed with that.
At the same time, 1% of Safaricom is equivalent to 100% of Vodacom TZ.
Safaricom is 100 times bigger than your small Vodacom.

 

[Geza Ulole]

Vodacom SA is bigger than Safaricom. Nobody disagreed with that.
At the same time, 1% of Safaricom is equivalent to 100% of Vodacom TZ.
Safaricom is 100 times bigger than your small Vodacom.

hahah u sound stupid! i bet with market capitalization of only 32% still Safaricom's with 80% market share of Kenya isn't that big of a company! imagine Vodacom had a market share of 80% in Tanzania n is charging exhobitant airtime fee. And yet u r having global Mpesa unit in Kenya!

CORRECTED-Vodacom Tanzania eyes more spectrum after solid annual earnings growth

Reuters Staff

4 MIN READ

(Corrects May 11 story to refer to service revenue not pretax earnings in paragraph 1, amends details on voice revenue and spectrum in paragraphs 4, 8)

By Fumbuka Ng’wanakilala

DAR ES SALAAM, May 11 (Reuters) - Vodacom Tanzania reported a 6 percent rise in full-year service revenue on Friday, helped by the launch of cheaper smartphones, and said it plans to buy additional spectrum to boost internet services.

Vodacom Tanzania, majority owned by South Africa’s Vodacom Group, said in a statement that EBITDA rose to 266.4 billion shillings ($117 million) in the year through March, as new, cheaper smartphones helped drive a 35 percent jump in revenue from mobile data to 141.6 billion shillings.

Service revenue increased 6 percent from a year earlier to 966.3 billion shillings, while income from mobile money payment services rose 17 percent to 291.2 billion shillings.

Voice revenue fell 6 percent to 392.3 billion shillings after mobile incoming revenue dropped 14.2 percent following a decision by Tanzania’s telecoms regulator in January to cut the mobile termination rate, a fee operators pay each other for calls made from one network to another.


“Vodacom has filed an appeal with the Fair Competition Commission against the regulator’s decision to impose a 42.1 percent reduction in the mobile termination rate,” Vodacom Tanzania’s Managing Director Ian Ferrao told investors on a conference call.

“We are seeing some pressure on voice revenue ... data pricing also needs to be repaired, but this will depend on how our competitors act.”

Vodacom controls has around a 32 percent market share of the country’s 40 million mobile subscribers. Other major players include Tigo Tanzania, a subsidiary of Sweden’s Millicom , and a local unit of India’s Bharti Airtel .

Ferrao said Vodacom plans to take part in Tanzania’s first spectrum auction expected to be held next month, aiming to acquire spectrum in the 700 MHz band that would enable the mobile operator to roll out 4G services to more towns and cities in East Africa’s third-biggest economy.

CORRECTED-Vodacom Tanzania eyes more spectrum after solid annual...

 

[kennedy0000]

hahah u sound stupid! i bet with market capitalization of only 32% still Safaricom's with 80% market share of Kenya isn't that big of a company! imagine Vodacom had a market share of 80% in Tanzania n is charging exhobitant airtime fee. And yet u r having global Mpesa unit in Kenya!

CORRECTED-Vodacom Tanzania eyes more spectrum after solid annual earnings growth

Reuters Staff

4 MIN READ

(Corrects May 11 story to refer to service revenue not pretax earnings in paragraph 1, amends details on voice revenue and spectrum in paragraphs 4, 8)

By Fumbuka Ng’wanakilala

DAR ES SALAAM, May 11 (Reuters) - Vodacom Tanzania reported a 6 percent rise in full-year service revenue on Friday, helped by the launch of cheaper smartphones, and said it plans to buy additional spectrum to boost internet services.

Vodacom Tanzania, majority owned by South Africa’s Vodacom Group, said in a statement that EBITDA rose to 266.4 billion shillings ($117 million) in the year through March, as new, cheaper smartphones helped drive a 35 percent jump in revenue from mobile data to 141.6 billion shillings.

Service revenue increased 6 percent from a year earlier to 966.3 billion shillings, while income from mobile money payment services rose 17 percent to 291.2 billion shillings.

Voice revenue fell 6 percent to 392.3 billion shillings after mobile incoming revenue dropped 14.2 percent following a decision by Tanzania’s telecoms regulator in January to cut the mobile termination rate, a fee operators pay each other for calls made from one network to another.


“Vodacom has filed an appeal with the Fair Competition Commission against the regulator’s decision to impose a 42.1 percent reduction in the mobile termination rate,” Vodacom Tanzania’s Managing Director Ian Ferrao told investors on a conference call.

“We are seeing some pressure on voice revenue ... data pricing also needs to be repaired, but this will depend on how our competitors act.”

Vodacom controls has around a 32 percent market share of the country’s 40 million mobile subscribers. Other major players include Tigo Tanzania, a subsidiary of Sweden’s Millicom , and a local unit of India’s Bharti Airtel .

Ferrao said Vodacom plans to take part in Tanzania’s first spectrum auction expected to be held next month, aiming to acquire spectrum in the 700 MHz band that would enable the mobile operator to roll out 4G services to more towns and cities in East Africa’s third-biggest economy.

CORRECTED-Vodacom Tanzania eyes more spectrum after solid annual...

Companies charge what majority of the country's population is able to pay. If you view Safaricom as expensive, then you are truly an LDC.
The simple fact of the matter is even after aggregating Vodacom, Tigo, Airtel and all your other telecoms, their profit is equivalent to Safaricom's ringtone callback revenue.
Says a lot about the two countries spending power.

 

[Geza Ulole]

Companies charge what majority of the country's population is able to pay. If you view Safaricom as expensive, then you are truly an LDC.
The simple fact of the matter is even after aggregating Vodacom, Tigo, Airtel and all your other telecoms, their profit is equivalent to Safaricom's ringtone callback revenue.
Says a lot about the two countries spending power.

Why is ur media complaining? considering how big is tanzania the investment on putting up ICT infrastructure is bigger than Kenya but yet u r overscharged the service cost. uache ujinga! nothing to boast about!

Local telcos accused of overpricing Internet bundles

By Lee Mwiti | Published Thu, April 20th 2017 at 09:50, Updated April 20th 2017 at 09:54 GMT +3
SHARE THIS ARTICLE Share on Facebook Share on Twitter

The high cost of data bundles in Kenya, which is higher than in any other East African country, is affecting the growth of e-commerce, a new report says.

The report by popular online shopping site Jumia titled “The White Paper: Trends From the Kenyan Smartphone and E-Commerce Industry”, shows mobile service subscribers are overcharged on their mobile date subscriptions. “The cost of Internet bundles in Uganda is 50 per cent lower than in Kenya while in Tanzania, it is 30 per cent lower. This does not augur well with the majority of people we are trying to lure into online shopping,” says the report.

Jumia Country Manager for Kenya Sam Chapettee said during the report’s launch in Nairobi yesterday the situation has not been helped by a rise in smartphone penetration in the country.

Low-cost devices

“Smartphone penetration has grown to over 60 per cent of the population thanks to the influx of affordable phones. This ‘democratisation’ of the smartphone device has been driven by the entry of low-cost Chinese brands, with Infinix and Tecno being the top selling brands on Jumia,” said Chapette.

The report notes that the price of smartphones has been decreasing over the years from about Sh23,000 in 2013 to about Sh10,000 in 2016, although it is not expected to decrease further over the next two years.

“The price is not expected to decrease because brands will be looking to develop their market share by investing more in new technology and sophisticated features,” says the report.

It also predicts that smartphone penetration could rise further, with the burgeoning middle-class acquiring more purchasing power.

In 2016 alone, 200,000 smart phones were sold on Jumia.

RELATED TOPICS: Internet Orange Airtel Safaricom

Read more at: Local telcos accused of overpricing Internet bundles

 

[Mkikuyu- Akili timamu]

Companies charge what majority of the country's population is able to pay. If you view Safaricom as expensive, then you are truly an LDC.
The simple fact of the matter is even after aggregating Vodacom, Tigo, Airtel and all your other telecoms, their profit is equivalent to Safaricom's ringtone callback revenue.
Says a lot about the two countries spending power.

There is very low inflation in Tz, not only is Mobile Airtime cheaper, but also beer, food,power and rent. One would expect that in a market with fair competion airtime would be cheaper in kenya due to higher mobile penetration,but no..Safaricom is a cartel that makes profit while all the other MNO's make loses

 

[Geza Ulole]

There is very low inflation in Tz, not only is Mobile Airtime cheaper, but also beer, food,power and rent. One would expect that in a market with fair competion airtime would be cheaper in kenya due to higher mobile penetration,but no..Safaricom is a cartel that makes profit while all the other MNO's make loses

BTW angalia Halotel have invested over $1 bln now n still charges most affordable rates in the region! how I wish Halotel buys out Airtel Tanzania God knows, as it is a true revolutionary company in ICT espe. data segment!
Halotel Tz’s $800m investment wins international praise

post 03.11.2017 of VTG IN NEWS

Organizers of the International Business Awards (Stevie Awards 2017) have named Viettel Tanzania PLC (Trading as Halotel Tanzania) as the “Fastest Growing Enterprise in the Middle East and Africa”, thanks to its $800 million (about Sh1.7 trillion) investment.


Halotel said in a statement yesterday that the company was named as so during an event that was held in Barcelona, Spain on Tuesday this week. Halotel has operated in Tanzania for two years now during which period, it has registered a number of achievements.

Halotel's representatives at the Awarding ceremony of Stevie Awards 2017 in Barcelona


Launched in October 2015, Halotel managed to register about one million subscribers in a period of about three months.

“The figure reached two million within nine months of our operations….This is the fastest customer growth rate among all markets – from Vietnam, the Middle East and up to the entire Sahara and East Africa - where Viettel Group has invested,” the Halotel Tanzania deputy managing director, Mr Nguyen Van Son, said yesterday.

In two years, Halotel now has over 3.5 million customers, ranking the fourth among eight telecoms operators in Tanzania, leapfrogging some of the operators that have existed for a much longer period.

The company boasts itself for building one of the largest telecommunications infrastructure in Tanzania in just nine months, helping it to cover 90 per cent of the country’s population. Michelle Galler, the representative of the Stevie Awards 2017, said: “Since its first appearance, Viettel has always been a company with different products and campaigns. Viettel’s subsidiaries in the African market are thriving.

The International Business Awards (Stevie Awards) is one of the world’s leading annual awards to honor the achievements and positive contributions of businesses and individuals worldwide to the benefits of the community, including IT and telecommunications. To be honored, candidates undergo a scrutiny of 200 judges who are mostly chief executive officers and world-renowned entrepreneurs. The name “Stevie” comes from a Greek word for ‘Crowned”.

 

[Geza Ulole]

Halotel reaches double-digit market share in Tanzania


post 21.03.2018 of VTG IN NEWS

The Hanoitimes - Viettel brand`s Halotel with 3.8 million subscribers has seen its market share reach 10% in Tanzania, according to the latest figures published by Tanzania Communications Regulatory Authority (TCRA).


This means that the two-year-old company has been able to leapfrog some of the players who have been in the market for over ten years.

Halotel reaches double-digit market share in Tanzania.


Similarly, the company managed to raise its share of the market for mobile money platform to 4% during the last quarter of 2017, jumping from a mere 2% as of September 2017, according to the TCRA report.


It had a total of 1 million subscribers on its Halo Pesa platform, up from 600,000 active subscribers in last January.


The monumental growth, TCRA stated, was enough to turn Halotel’s Halo Pesa into one of Tanzania’s four most preferred mobile e-wallets in a market of a total six players.


Halotel’s management attributes the growth to the massive investments that the company has made during the two years of its operations in the country.


In Tanzania, there are over 40 million subscribers using a mobile money platform, generating 95 million transactions every month with the total value of US$1.6 billion. Specifically, 32% of Tanzania’s population use mobile e-wallets for daily transactions, while only 2% have bank accounts.


Last year, Halotel has won the international Stevie Award 2017 as the fastest growing enterprise in the Middle East and Africa, thanks to its US$800-million investment in the country. The company boasts of building one of the largest telecommunications infrastructures in Tanzania, helping it to cover almost 90% of the population.


Since its appearance in Tanzania in October 2015, in less than 3 months, Halotel had managed to reach 1 million subscribers and went up to 2 million subscribers in the next 9 months.


This was the highest grow rate among all of Viettel’s markets (including Vietnam and abroad), said Nguyen Van Son, Halotel Deputy Managing Director at the award ceremony.


The International Business Awards (Stevie Awards) is one of the world’s leading annual awards to honor the achievements and positive contributions of businesses and individuals around the globe to the benefit of the community, including IT and telecommunications. To be honored, candidates undergo a scrutiny of 200 judges who are mostly chief executive officers and world-renowned entrepreneurs.

Nguyen Tung

Halotel reaches double-digit market share in Tanzania - Viettel Global JSC

 

[kennedy0000]

There is very low inflation in Tz, not only is Mobile Airtime cheaper, but also beer, food,power and rent. One would expect that in a market with fair competion airtime would be cheaper in kenya due to higher mobile penetration,but no..Safaricom is a cartel that makes profit while all the other MNO's make loses

Actually most of your stories are fake news.
Safaricom is not even as expensive as you have made yourself believe.

For example,
On Tigo, KSh22 gives you 16 minutes
On Safaricom, KSh20 gives you 20 minutes

For internet, Safaricom gives us 1Gb for KSh100 (on Tunukiwa plan
Vodacom gives you 1GB for about KSh100, same as Vodacom, same as Safaricom.


In many cases, the Safaricom you are referring to as a cartel is much cheaper than your own telcos.

 

[Geza Ulole]

Actually most of your stories are fake news.
Safaricom is not even as expensive as you have made yourself believe.

For example,
On Tigo, KSh22 gives you 16 minutes
On Safaricom, KSh20 gives you 20 minutes

For internet, Safaricom gives us 1Gb for KSh100 (on Tunukiwa plan
Vodacom gives you 1GB for about KSh100, same as Vodacom, same as Safaricom.


In many cases, the Safaricom you are referring to as a cartel is much cheaper than your own telcos.

where did u get the charges of Tigo? evidence plse.

 

[kennedy0000]

where did u get the charges of Tigo? evidence plse.

On their website. I just converted to Kenya Shillings.
Tigo to Tigo | Tigo Tanzania

 

[Mkikuyu- Akili timamu]

Actually most of your stories are fake news.
Safaricom is not even as expensive as you have made yourself believe.

For example,
On Tigo, KSh22 gives you 16 minutes
On Safaricom, KSh20 gives you 20 minutes

For internet, Safaricom gives us 1Gb for KSh100 (on Tunukiwa plan
Vodacom gives you 1GB for about KSh100, same as Vodacom, same as Safaricom.


In many cases, the Safaricom you are referring to as a cartel is much cheaper than your own telcos.

Tunukiwa is not a tarrif my friend, and that 1GB at 69 bob is for only 3 hrs or what they call "happy hour" promo. Safaricom minimum 3GB for a month is 1k 3 Times the avarage in Tz. So now you know why Safcom makes huge profits while all other telcos make loses

 

[kennedy0000]

Tunukiwa is not a tarrif my friend, and that 1GB at 69 bob is for only 3 hrs or what they call "happy hour" promo. Safaricom minimum 3GB for a month is 1k 3 Times the avarage in Tz. So now you know why Safcom makes huge profits while all other telcos make loses

You are comparing apples to oranges.
Safaricom has 1gb at Sh49 for 3 hours.

It also has 1gb at Sh99 for 24 hours. This is the one I compared to Tigo, which is also selling it at the same price and also for 24 hours.

Tunukiwa has been around for many months now. Unless you are the CEO or CFO, you can't speak for Safaricom on matters tarrifs.
Going by their history, they often bundle up some of their popular offerings into a tarriff. And with people running to Telkcom and Faiba for data, you can bet these Tunukiwa prices will be brought down even further.

And we've not even touched other offerings like the unlimited fiber or other monthly packages. In short, Safaricom offers superior services cheaply or at the same price as your Vodacom and Tigo.

 

[Mkikuyu- Akili timamu]

You are comparing apples to oranges.
Safaricom has 1gb at Sh49 for 3 hours.

It also has 1gb at Sh99 for 24 hours. This is the one I compared to Tigo, which is also selling it at the same price and also for 24 hours.

Tunukiwa has been around for many months now. Unless you are the CEO or CFO, you can't speak for Safaricom on matters tarrifs.
Going by their history, they often bundle up some of their popular offerings into a tarriff. And with people running to Telkcom and Faiba for data, you can bet these Tunukiwa prices will be brought down even further.

And we've not even touched other offerings like the unlimited fiber or other monthly packages. In short, Safaricom offers superior services cheaply or at the same price as your Vodacom and Tigo.

And thats why I am speaking about Tarrifs not offers. Tigo vodacom etc also have offers that include free whatsapp, instagram facebook etc (The biggest data consuming apps) Which Safaricom Does not offer for free. The other companies in kenya offering free social media are all loss making, trying to attract customers with such offers. So Talk about tarrifs

 

[kennedy0000]

Tunukiwa is not a tarrif my friend, and that 1GB at 69 bob is for only 3 hrs or what they call "happy hour" promo. Safaricom minimum 3GB for a month is 1k 3 Times the avarage in Tz. So now you know why Safcom makes huge profits while all other telcos make loses

Actually I've just confirmed that the 1GB for Sh99 has been included in the main bundle offering.
It is now permanent and can be accessible via *544# like the rest of the bundles.
Before that you had to go to the Tunukiwa option.

 

[Mkikuyu- Akili timamu]

Actually I've just confirmed that the 1GB for Sh99 has been included in the main bundle offering.
It is now permanent and can be accessible via *544# like the rest of the bundles.
Before that you had to go to the Tunukiwa option.

1Gb @ 99 for 1 day, that is not a tarrif. A tarrif is minimum 30 days billing cycle atleast a per CAK rules