New tax jolts mobile phone pricing

The company goes on to note that radiation fears could prove to have a materially adverse effect on the company’s growth rates, customer base and ARPU.

“In addition, the company may be exposed to property depreciation claims, increased regulatory costs and/or health related claims,” it says in its prospectus.

Other affected operators include Telkom Kenya, Zain Kenya and Essar Telkom Kenya Ltd which also have their own masts, and the broadcast industry.