New entrant Equitel carves out 1.9% share of mobile subscriptions
The Mobile Virtual Network Operator (MVNO), Finserve Africa (Equitel) acquired a share of 1.9 per cent of the total mobile subscriptions by registering 665,661 mobile subscribers during the January-March 2015 period.
According to the latest statistics from the Communications Authority of Kenya, Equitel recorded on-net traffic of 2.3 million minutes during the quarter while the traffic to other mobile networks stood at 17.2 million.
The entry into the market by the MVNO shows that there is still potential for growth and further competition in the mobile sub sector.
Mobile subscriptions continued on the upward trajectory and recorded a growth of 3.6 per cent to reach 34.8million subscribers from 33.6million recorded in the previous quarter. This represents mobile penetration of 85.5 per cent.
According to the report, the number of mobile money transfer subscribers increased by 3.0 percent to reach 26.7 million up from 26.0 million recorded during the last quarter while the number of agents rose to 126,622 up from 121,924.
Data/internet subscriptions grew to 18.8 million up from 16.3 million subscriptions recorded during the last quarter, a growth of 14.3 percent. Internet users, as a result, rose to 29.1 million up from 26.1 million the previous quarter. This raised the population with access to internet to 71.7 percent up from 64.1 percent during the last quarter.
Fixed network traffic declined by 11.2 percent to register 22.3 million minutes down from 25.1 million minutes realised during the last quarter.
The number of postal and courier outlets remained stagnant during the quarter and stood at 622 and 788 respectively.