Telkom inks deal to grow 4G devices uptake
Telkom has inked a
deal with the Buy-Now Pay-Later Company to finance the ownership of 4G devices/smartphones.
The operator which
now describes itself as a technology company is backing the financing deal to
make 4G devices more accessible to consumers.
Telkom customers
will have access to new devices with no deposit requirement and with flexible
repayment plans of up to 12 months for devices whose value is capped at
Ksh.500,000.
In driving the
usage of 4G devices, Telkom is looking to anchor the ongoing roll-out of its 4G
network across the country.
“There is no point
in having a network that customers can’t access. This partnership complements
the actual network roll-out that we are undertaking,” Telkom CEO Mugo Kibati
said.
“We share a common
vision and believe that access to devices is essential to life as we know it
today,” added Lipa Later CEO Eric Muli.
Telkom has been
rolling out its 4G network, starting at the Coast and lower Eastern region,
with plans to have at least 2000 4G base stations in the next two years.
Telkom’s device
financing plan aligns with industry trends with leading telco Safaricom having
launched a comparable plan dubbed Lipa Mdogo Mdogo to prop the transition from
feature phones to 4G devices.
According to the
latest data from the Communication Authority of Kenya (CA) the penetration of
4G devices/smart phones stood at 54.6 per cent at the end of March this year
while that of feature phones stood at a higher 69.2 per cent.
The total number of
data and internet subscriptions meanwhile stood at 46.6 million in the period.
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