Safaricom is staring at tough times as Parliament begins discussing regulations that will restrict its movements in the market and punish it for abusing dominance.
Information Cabinet Secretary Fred Matiang’i yesterday said he would table the rules in Parliament next week. Dr Matiang’i has urged the Communications Authority of Kenya (CA) director-general, Mr Francis Wangusi, to prioritise the push to regulate dominant telcos as he starts his new term.
“Telecommunication firms need to be regulated to ensure some players are not strangled in the market,” said Dr Matiang’i during a media briefing to usher Mr Wangusi into his new term yesterday.
If the Fair Competition and Equality of Treatment 2015 regulations contained in the Communications Act are passed by Parliament, Safaricom will be required to maintain separate books of account for each of its services such as M-Pesa, mobile phone services and the infrastructure. (Daily Nation)
