Safaricom mulls writing off Telkom, Airtel Sh1.5bn debt

Safaricom CEO Peter Ndegwa. FILE PHOTO | NMG

Photo credit: File | Nation Media Group

Telecoms operator Safaricom #ticker:SCOM is likely to write off a Sh1.5 billion debt owed by rival telcos Telkom and Airtel after it made provisions for loss of the funds.

Telkom and Airtel owe Safaricom for using its infrastructure known as co-location and interconnection fees from cross-network calls.

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