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'Subscriber adjustment does not impact on our business' – Telkom Kenya

'Subscriber adjustment does not impact on our business' – Telkom Kenya

Following the dialing down of Telkom Kenya's subscriber base from 5.2 to 2.9 million as reported by the Communications Authority, it was revealed that the company's market share was at 7.6% and not 13.2%.

However, according to Telkom Kenya, they "are fine" with the CA adjustments as their business is not at all impacted by the move.

In a statement, the company said that the adjustment to 90 days of revenue generating cycle is to comply with international standards.

"Following the change of ownership of Telkom Kenya in June 2016, the Company embarked on several Transformation initiatives led by the new management and leadership team. A key component of the Transformation program is the adoption of international best practice reporting and full compliance with local regulatory requirements," the company said.

However this will not affect its business performance, according to the company.

Telkom said, "There is no underlying impact on the business performance or operations of the Company arising from this change in reporting. The Board and management of Telkom Kenya are pleased with the current progress of the Transformation program and remain committed to working towards achieving positive results."

Orange sold of its 70% stake to Helios Investment Partners in June 2016 and the company has been restructuring its offering since then.

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