State fibre optic cable job costs Telkom Kenya Sh557m in loss

Workers dig trenches to lay fibre optic cables outside Nation Centre along Kimathi Street in Nairobi. FILE PHOTO | NMG

Telkom Kenya incurred a Sh575 million loss for running a government-owned fibre optic network worth Sh16 billion, a new audit shows.

A forensic audit on the National Optic Fibre Backbone (Nofbi) Phase 1 project shows that Telkom Kenya ceased carrying out operations and maintenance in December last year.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.