Online payments services company Jambo Pay has obtained a license to operate a virtual mobile phone service in Kenya, intensifying competition in the telco sector dominated by market leader Safaricom #ticker:SCOM.
Jambo Pay parent firm, Web Tribe Limited said Monday it has been awarded a mobile virtual network operator (MVNO) licence by the telecoms regulator Communications Authority of Kenya (CA) effectively allowing it to lease spectrum from mobile network operators and roll out mobile services.
