Safaricom 2013 annual report- key highlights.
Safaricom has released the annual report relating to FY13 results released on 14 May 2013. The company outlined its strategy to grow mobile and fixed data, seeking to drive the enterprise business and deliver higher penetration of data and data enabled devices. The company specifically plans to deliver fiber to the home in order to provide a triple play solution to the home user. Safaricom also plans enhance Wi-Fi for public hotspots for enhanced user experience in high traffic areas. Safaricom is also making a number of innovations; one of the more notable ones we observe is a cloud based a learning and content management system which provides e-learning solutions to schools, universities and colleges. The solution also allows libraries and publishers to avail their eBooks for sale and rental through a portal. It also supports a process for the Ministry and other learning policy and regulatory institutions such as the Kenya Institute of education (KIE) to endorse and certify books and materials recommended for delivery of official syllabus and curriculums. Separately, Safaricom notes in the annual report that it is to receive a refund of USD 15m in 3G licence fees- having overpaid in 2007 compared to subsequent mobile operators who came in later in 2010. The company will receive the payments by way of credit notes against other fee invoices with the USD 15m being paid in three equal installments over three financial years to June 2015. (Safaricom Annual Report 2013, Standard Investment Bank)