Kenya Power plans to expand fibre optic cable leasing

Electricity distributor Kenya Power plans to lease out its fibre optic cables to add USD 5.9 million to its earnings. It intends to lease its internet infrastructure this financial year ending June 2014, the Star reported. Its 1,800 km fibre network has 48 strands and it plans to offer 36 of them for leasing. Chief manager for IT and telecommunications Samuel Ndirangu said Kenya Power has finalised talks with Airtel Kenya and the Kenya Electricity Generating Company and has opened talks with county governments and Ugandan firm Bandwidth Cloud Services, too.

Kenya Power aims to cover the entire country with fibre estimated at 25,000 km in the long term. In the year to June 2013, KPLC generated USD 11.8 million from leasing cables to Safaricom, Kenya Data Network, Jamii Telecoms and Wananchi Group.

http://www.telecompaper.com/new...ic-cable-leasing--973206

Cartoon scope. BB constricting patterns on the chart are hinting towards bullish bias. But until the trend is confirmed, I'm still bearish. Next month we'll see if KPLC gets the tariff hike approval which is the trigger for the next stock price move...

Getting the tariff increase will be a huge boost. Though the increase is overdue, the cash will not be real profits since it has to be re-invested. That is not a bad thing but it is for the long haul.

As long as the tariff hike is matched with the retiring of fuel generated electricity then it'll be a win-win for all as what we really pay for is fuel costs!

We were very concerned about @deal becoming a media-man. Masters of distortion & sensation. Oh well, he's a lot more popular now.