Telecoms company Telkom Kenya has announced a Sh3 billion budget to connect buildings to high-speed fibre Internet in a move that is set to raise competition for corporate customers.
The fibre-to-the-building project is funded by shareholder capital, the firm said on Wednesday.
The telco plans to connect existing and new customers to fibre Internet with speeds of between 2 MBps to 1GBps.
The project targets businesses and individuals in all major towns across the country and will also see existing customers moved from copper to fibre connections.
“Today’s business ICT needs are changing from what ICT can do to what ICT can enable businesses to do better, as well as what experiences customers take with them. Telkom Enterprise is, therefore, moving from simply developing an architecture to building business strategy,” said Telkom Enterprise managing director Kris Senanu on Wednesday.
Mr Senanu added that collaborations with the small and medium enterprises and public sector offer Telkom Kenya high potential for growth.
The new service is part Telkom’s modernisation programme that has seen the firm invest Sh5 billion, so far.
to upgrade its network. Telkom started its 4G-network expansion into Athi River, Syokimau, Kitengela, Thika, Kiambu Town, Kikuyu Town and Ngong last month.
It will spend Sh15.2 billion ($150 million) in its 3G and 4G networks upgrade and expansion across the country.
Telkom is locked in a battle with Safaricom and Airtel for Kenya’s fast growing demand for high speed internet offered by fiber.
Data by Communications Authority of Kenya, shows Safaricom as the local leader in internet subscriptions, controlling 72 per cent of the market as of December last year.
Airtel had 18.5 per cent while Telkom enjoyed 7.8 per cent.