Home ECONOMY Safaricom finally beats Zuku in fixed internet connections

Safaricom finally beats Zuku in fixed internet connections

by biasharadigest

Safaricom Fixed Internet: Safaricom has for the first time beat its toughest fixed internet connections rival Zuku. According to the latest data from the Communications Authority (CA), Safaricom currently has 154,603 fixed home and office connections. This translates to a market stake of 34 per cent.

On the other end, Zuku, which is owned by the Wananchi Group has 151,548 fixed home and office connections. This translates to a market stake of 33.3 per cent. Jamii Telecommunications, which is the third biggest provider of fixed internet connections, has 66,572 connections. This is equivalent to a rise of eight per cent from 61,508 at end of June 2019.

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These differences mean that Zuku has lost its market share while Safaricom fixed internet has gained. For example, at the end of June, Safaricom increased its market share by 1.3 percentage points from 32.7 per cent. Zuku, on the other end, shed by 1.5 percentage points from 34.8 per cent. In the three months to September, Safaricom added 16,779 connections. This was nearly five times more than Zuku’s, which grew by 5,199 connections.

“We expect similar levels of capex [capital expenditure] investment in Full Year 2020 in the range of Sh. 36 – Sh. 39 billion. This will go into strengthening our mobile network and supporting our growth in fixed line as we look to further grow our fibre-to-the-home and fibre-to-the Business revenue streams,” Safaricom said in its 2019 annual report.

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