Safaricom is reallocating funds to build up its fixed-data network to connect homes to the Internet, as demand grows for online streaming services like Netflix, chief executive Bob Collymore told Reuters. Safaricom, Kenya's biggest telecoms company, has until recently been focusing on mobile Internet access. Collymore said its investments in the fixed data network were a reallocation of its budget and would not add to its planned capital expenditure. Collymore said Safaricom had already connected 6,000 homes to its new fixed-data network, using fibre and poles. ShowMax, owned by South Africa's Naspers, is an Internet-based video service that has partnered with Safaricom to recruit new customers in Kenya.

Source: The Star January 27, 2017 22:12 UTC