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Safaricom cuts roaming charges

Safaricom cuts roaming charges.

Kenyan telecommunications services firm Safaricom has announced a reduction in roaming charges for calls and data across 200 networks worldwide. In a separate development, the company also confirmed that a Ksh0.68 per share interim dividend will be paid to shareholders who hold Safaricom shares at the close of trading on 2nd September 2016.

Safaricom will charge Sh14 per MB for data roaming in 52 countries.

"Our new roaming rates progress our deliberate strategy to continuously invest in optimising our customers' experience in order to provide the best experience on our network," said Bob Collymore, CEO, Safaricom.

Using China as an example, Safaricom said subscribers who roam on China Mobile will be charged Sh50 to call back home, at a rate of Sh10 per minute to call within China.

"Data pricing will fall to Sh14 per MB while roaming on China Mobile and China Unicom, down from the previous rate of Sh1, 900. The new rates will be applicable to both PrePay and PostPay subscribers with customers able to select their network of choice in the destinations that they travel to based on the rates on offer," according to the statement.

Commenting on the dividend payout to shareholders, Collymore said: "There is room for this one-off special dividend of Ksh27.5bn due to the cash position of the company, and the significant retained earnings of Ksh82bn. This is an additional dividend to what we expect to recommend at next year's AGM for the year ended 31st March 2017. The special interim dividend will be paid out on or prior to 1st December 2016."

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