Safaricom Stands to Lose Sh1.5 Billion as Mobile Termination Rates Get Cut

It has recently come to light that Safaricom is expected to lose approximately Sh1.5 billion in the light of the Communications Authority of Kenya cutting mobile termination rates from the current Sh0.99 per minute to Sh0.58 per minute.

The Communications Authority announcement was challenged by Safaricom at the Communications and Multimedia Appeals Tribunal.

That the [tribunal] forebear its decision expected to be delivered on August 5, 2022.

That the authority [CA] rescinds its decision contained in determination No. 3 of 2021 in its entirety. That the current mobile termination rate and fixed termination rate (FTR) be revised from Sh0.99 to an interim rate of Sh0.58.

Safaricom’s Challenge at the Communications and Multimedia Appeals Tribunal