Safaricom is one of the leading integrated communications companies in Africa with over 17 million subscribers. The company reported Sh18.36 billion ($216 million) pretax profit for the financial year ending March 31st 2011. Safaricom provides a comprehensive range of services under one roof: mobile and fixed voice and data services on a variety of platforms.
Safaricom has made heavy investments in broadband capacity giving us a foothold in undersea cable, satellite, metro and trunk cable connectivity.
It also has the widest 3G network and the most expansive WIMAX presence in Kenya. The result of this has been that over 92% of Kenyans who use the Internet regularly, access the Internet through the Safaricom network/Infrastructure. We are currently testing the Long Term Evolution (LTE) 4G technology.
Safaricom also pioneered commercial mobile money transfer globally through M-PESA, the most successful such service anywhere in the world. And thanks to the early April 2011 partnership with Western Union, M-PESA’s 14.2 million subscribers can now receive international money transfers from 45 countries and territories worldwide, making the partnership the largest deal of its kind in the world. M-PESA customers have over 28,000 points of contact to transact from.
Safaricom is listed on the Nairobi Stock Exchange and trades on the telecommunications and technology segment.