<html><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px"><div id="yui_3_16_0_1_1424448718052_5064" dir="ltr">@Dennis,</div><div id="yui_3_16_0_1_1424448718052_5922" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_5925" dir="ltr">"Declare the competitors non-competitive and bring in new ones" :-) Good one, but that wont solve the problem. <br></div><div id="yui_3_16_0_1_1424448718052_5903" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_5235" dir="ltr"> "Market Failure" is some animal that implies NO other competitor can hack it. Even if you brought in some entity with Steve Jobs, Bill Gates, Larry Page and Aliko Dangote all rolled into one, they will not beat Safaricom. <br></div><div id="yui_3_16_0_1_1424448718052_7915" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_7640" dir="ltr">And it wont be their fault, its simply a structural, systemic failure in the system that requires an external intervention to reboot. And it is nothing surprising, innovators will always disrupt old monopolies (after regulatory intervention). But within 5-10yrs the innovator will become the new monopolies with extensive market power that will require higher forces to intervene in order to level the market again.</div><div id="yui_3_16_0_1_1424448718052_9787" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_9789" dir="ltr"> At that time, the new innovator will have forgotten that without regulatory intervention of yesteryears, they would never have dislodged the old monopolies (Kenya Posts and Telecommunication Corporation aka Baba na Mama :-) <br></div><div id="yui_3_16_0_1_1424448718052_8578" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_9434" dir="ltr">Where are the economists on this list to explain this cycle in simpler terms?<br></div><div id="yui_3_16_0_1_1424448718052_5236" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_7986" dir="ltr">walu.<br></div><div id="yui_3_16_0_1_1424448718052_6704" dir="ltr"><br></div><div id="yui_3_16_0_1_1424448718052_4030"><span></span></div><br> <div id="yui_3_16_0_1_1424448718052_4167" style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div id="yui_3_16_0_1_1424448718052_4166" style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div id="yui_3_16_0_1_1424448718052_4165" dir="ltr"> <hr size="1"> <font face="Arial" size="2"> <b><span style="font-weight:bold;">From:</span></b> Dennis Kioko via kictanet <kictanet@lists.kictanet.or.ke><br> <b><span style="font-weight: bold;">To:</span></b> jwalu@yahoo.com <br> <b><span style="font-weight: bold;">Sent:</span></b> Friday, February 20, 2015 6:44 PM<br> <b><span style="font-weight: bold;">Subject:</span></b> Re: [kictanet] Dominance issue in the Telco sector<br> </font> </div> <div class="y_msg_container"><br><div id="yiv2561106202"><div dir="ltr">And hasn't the market in Kenya achieved most of these obligations? </div>
<div dir="ltr">I urge the regulator to try out a different remedy in the form of declaring Safaricom's competitors non-competitive. </div>
<div dir="ltr">In this light, they should then be urged to cede the resources they occupy to a more competitive operator who will capture the hearts and pockets of Kenyans. </div>
<div dir="ltr">As someone said, it is important to understand the market rather than rely on "market studies". </div>
<br><div class="yiv2561106202gmail_quote">On Fri, 20 Feb 2015 18:18 Ali Hussein via kictanet <<a rel="nofollow" ymailto="mailto:kictanet@lists.kictanet.or.ke" target="_blank" href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br><blockquote class="yiv2561106202gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;"><div><div><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><span style="font-size:medium;"><span style="font-weight:normal;">Listers</span> </span></h1><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><span style="font-size:medium;">An analysis on the dominance issue with case studies across the world. </span></h1><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><font size="3"><span style=""><span lang="EN-GB"><br></span></span></font></h1><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><font size="3"><span style=""><span lang="EN-GB">1<span style="font-weight:normal;"> </span></span><span lang="EN-GB">The Kenya Information and Communications (Amendment) Act 2013</span><span lang="EN-GB"><u></u><u></u></span></span></font></h1><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">The Kenya Information and Communications (Amendment) Act 2013 (the Act) states In Section 84W (3) that Communications Authority of Kenya (the Authority) may, by notice in the Gazette, declare a person or institution to be a “dominant telecommunications service provider” for the purposes of this Act.<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Section 84W (4) goes further to clarify what the Authority should consider in declaring an operator or institution dominant in subsection (4) as follow: -<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">(a) the market share of the telecommunications service provider being at least fifty percentum of the relevant gross market segment;<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">(b) the level of control over the communications infrastructure;<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">(c) the level of technological advancement of the telecommunications service provider;<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">(d) the scale of operations of the telecommunications service<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div style="margin:0in 0in 0.0001pt;"><span style="">The Authority further developed Supplementary Legislation cited as the Kenya Information and Communications (Fair Competition and Equality of Treatment) Regulations, 2010 “the Regulations”. The Regulations indicate in section 7(1) that the Authority shall from time to time develop and publish, in the Kenya Gazette, guidelines to be followed when determining whether a licensee in a dominant market position in a specific communications market but this is not a precondition to determining an Institution as being dominant and therefore the Authority is mandated to declare an operator dominant under the current available Primary and secondary legislation.<u></u><u></u></span></div><div style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><div style="margin:0in 0in 0.0001pt;"><span style="">In regards to Dominance, the Regulations in Section 7 (2) and (3) further mentions additional criteria for deciding on dominance which include among others—<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(a) the degree of market concentration or the market share of the licensee, determined by reference to revenues, numbers of subscribers or volumes of sales;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(b) the degree to which a licensee’s prices vary over time;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(c) the ability of the licensee to maintain or erect barriers to entry to the market, including, by means of control of essential facilities, access to superior technology, privileged access to resources or capital markets or superior buying or negotiating position, amongst others;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(d) the ability of the licensee to earn supernormal profits;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(e) the global technology and commercial trends affecting market power;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(f) the licensee’s power to make independent rate setting decisions;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(g) the degree of product or service differentiation and sales promotion in the market; and<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(h) any other matters which the Commission may consider relevant.<u></u><u></u></span></div><div style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><div style="margin:0in 0in 0.0001pt;"><span style="">Section 7 (3) A licensee shall be in a dominant market position if;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(a) it has the ability to materially raise prices without suffering a commensurate loss in service demand to other licensees;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(b) it has the ability to erect or benefit from barriers to market entry;<u></u><u></u></span></div><div style="margin:0in 0in 6pt;"><span style="">(c) the Commission has so determined a dominant market power report, after considering the circumstances and criteria set in these Regulations.<u></u><u></u></span></div><div style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><div style="margin:0in 0in 0.0001pt;"><span style="">In reference to the legal instruments cited above, the Authority has the mandate to declare an Institution dominant and our submission is dependent on these cited instruments to make a case for determining Safaricom as a being dominant in the Mobile Retail Voice, Data, SMS market and also in the Mobile Money Transfer markets.<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style=""> </span></div><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="msg-f:1493639396303079860__Toc404930997"><span lang="EN-GB">2<span style="font-weight:normal;"> </span></span><span lang="EN-GB">The Relevant Market Segment</span></a><span lang="EN-GB"><u></u><u></u></span></span></font></h1><div class="yiv2561106202MsoNormal" style="margin:3pt 0in 0.0001pt;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">In line with best practice worldwide and also based on previous market study done by PWC in 2010 for the Authority (then CCK) it is clear and evident that the Retail Mobile Voice, Retail Mobile Data, Retail SMS and Mobile Money Transfer are relevant market segments. <u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Our focus will therefore be on the Mobile Retail Voice, Data, SMS and Mobile Money Transfer market segments.<u></u><u></u></span></div><div style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="msg-f:1493639396303079860__Toc404930998"><span lang="EN-GB">3<span style="font-weight:normal;"> </span></span><span lang="EN-GB">Market Dominance definition in Kenya</span></a><span lang="EN-GB"><u></u><u></u></span></span></font></h1><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Market Dominance in Kenya can be determined based on the Act and the Regulations as identified above in item 2 above. Whereas globally there are other considerations known, we will use what is within the regulatory instruments available in Kenya. <u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">However for completeness, the Competition Act Chapter 504 Part C section 23. Also defines as dominance as follows: -<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Sections 23 (1) “dominant undertaking” means an undertaking which:<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">(a) produces, supplies, distributes or otherwise controls not less than one-half of the total goods of any description which are produced, supplied or distributed in Kenya or any substantial part thereof; or<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">(b) provides or otherwise controls not less than one-half of the services which are rendered<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">This definition by the Competition Act is in harmony with the definition in the Act as it refers to half of total good s which aligns to the 50% market share specified in the Act.<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Our submission will therefore concentrate on the criteria in the Act and Regulations (which are yet to be amended in line with the Act) together with the Competition Act.<u></u><u></u></span></div><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="msg-f:1493639396303079860__Toc404930999"><span lang="EN-GB">4<span style="font-weight:normal;"> </span></span><span lang="EN-GB">A case for Declaring Safaricom Dominant</span></a><span lang="EN-GB"><u></u><u></u></span></span></font></h1><h2 style="text-indent:0px;margin:6pt 0in 6pt 0.4in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="msg-f:1493639396303079860__Toc404931000">4.1<span style="font-weight:normal;"> </span>Degree of Market Concentration or Market Share</a><u></u><u></u></span></font></h2><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">The Commission through its consultation paper on the intention to declare regulated services, found that there was high market shares, concentration ratios and Herfindahl-Hirschman Index (HHI) 5,230 on Subscriber base and 6,758 on revenues against best practice of 1,800 which was a clear demonstration of lack of effective Competition in the mobile voice termination market and hence the need for regulatory intervention to correct market failure. While we appreciate that the market shares, concentration ratios and HH index might have changed since the consultation was done, we strongly feel that the mobile voice market is not effectively competitive and hence the need for regulatory intervention by the Commission. The current HHI based on number of subscribers remains well over 4000 which is still double the threshold for a concentrated market.<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">The HHI thresholds in US and EU are defined as follows: -<u></u><u></u></span></div><ul style="margin-bottom:0in;margin-top:0in;" type="disc"><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">HHI below 1000 – a competitive market. There are no dominant competitors in this market.<u></u><u></u></span></li><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">HHI between 1000 and 1800 – a moderately concentrated market<u></u><u></u></span></li><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">HHI above 1800 – a concentrated market. There are one or more dominant competitors in this market.<u></u><u></u></span></li></ul><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">This HHI though not reflected as a requirement to determine dominance in the Kenya goes to reinforce our submission that Safaricom is dominant.<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Safaricom’s market share has remained over 63% on the basis of mobile subscribers as can be seen from Table 2 and 78 % in traffic volumes for the period of January to March 2014. In terms of revenues it is about 80%. These figures are above the threshold that would lead to a rebuttable presumption of dominance. In established competition cases and also in line with the Competition Act chapter 504 in Kenya, sustained market shares of over 50% gives rise to a rebuttable presumption of dominance, while market shares of over 40% are suggestive of possibility of dominance. On the basis of market share alone, Safaricom holds a position of Dominance in retail voice, Retail Data, SMS and Mobile Money market and should be declared dominant. As per data provided below and also slide 30 in SFC H1 ’15 presentation, SFC holds: 68%, 78%, 97% and 72% market shares in subscribers, voice minutes, SMS traffic and data users. Moreover, they control 88% of total revenues of the market. (See extracts below)<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">In summary, Safaricom has retained highest market shares as follows: -<u></u><u></u></span></div><ul style="margin-bottom:0in;margin-top:0in;" type="disc"><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market share by Subscription (voice) 80% in 2010 to 68% in 2014<u></u><u></u></span></li><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market share by Subscription (Data) 99% in 2010 to 71% in 2014<u></u><u></u></span></li><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by Voice Minutes (Voice) 80% in 2012 to 79% in 2014<u></u><u></u></span></li><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by number of SMS (SMS) 84% in 2012 to 96% in 2014<u></u><u></u></span></li><li class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by Revenues (Voice) 86% in 2012 to 88% in 2014 well over 80% market share in each Mobile voice, SMS and Mobile Data<u></u><u></u></span></li></ul><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><h3 style="text-indent:0px;margin:12pt 0in 3pt 0.5in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="msg-f:1493639396303079860__Toc404931001">4.1.1<span style="font-weight:normal;"> </span>Market Shares by Subscriptions</a><u></u><u></u></span></font></h3><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style=""><b><u>Number Mobile Subscriptions per Operator in Millions</u></b><u></u><u></u></span></div><table style="width:455.4pt;border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1" width="607"><tbody><tr style="height:15pt;"><td style="width:63.9pt;border-style:solid;border-color:rgb(247,150,70);border-width:1pt 1pt 2.25pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="85"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Month<u></u><u></u></b></div></td><td style="width:87.1pt;border-style:solid solid solid none;border-top-color:rgb(247,150,70);border-top-width:1pt;border-bottom-color:rgb(247,150,70);border-bottom-width:2.25pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="116"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd<u></u><u></u></b></div></td><td style="width:59.85pt;border-style:solid solid solid none;border-top-color:rgb(247,150,70);border-top-width:1pt;border-bottom-color:rgb(247,150,70);border-bottom-width:2.25pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="80"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd<u></u><u></u></b></div></td><td style="width:73.55pt;border-style:solid solid solid none;border-top-color:rgb(247,150,70);border-top-width:1pt;border-bottom-color:rgb(247,150,70);border-bottom-width:2.25pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="98"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd<u></u><u></u></b></div></td><td style="width:85.5pt;border-style:solid solid solid none;border-top-color:rgb(247,150,70);border-top-width:1pt;border-bottom-color:rgb(247,150,70);border-bottom-width:2.25pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd<u></u><u></u></b></div></td><td style="width:85.5pt;border-style:solid solid solid none;border-top-color:rgb(247,150,70);border-top-width:1pt;border-bottom-color:rgb(247,150,70);border-bottom-width:2.25pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals<u></u><u></u></b></div></td></tr><tr style="height:15pt;"><td style="width:63.9pt;border-style:none solid solid;border-right-color:rgb(247,150,70);border-bottom-color:rgb(247,150,70);border-left-color:rgb(247,150,70);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="85"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10<u></u><u></u></b></div></td><td style="width:87.1pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="116"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">16.24 <u></u><u></u></span></div></td><td style="width:59.85pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="80"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.83 <u></u><u></u></span></div></td><td style="width:73.55pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="98"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.55 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.49 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">20.12 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:63.9pt;border-style:none solid solid;border-right-color:rgb(247,150,70);border-bottom-color:rgb(247,150,70);border-left-color:rgb(247,150,70);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="85"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11<u></u><u></u></b></div></td><td style="width:87.1pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="116"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">17.35 <u></u><u></u></span></div></td><td style="width:59.85pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="80"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.61 <u></u><u></u></span></div></td><td style="width:73.55pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="98"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.73 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.58 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">25.28 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:63.9pt;border-style:none solid solid;border-right-color:rgb(247,150,70);border-bottom-color:rgb(247,150,70);border-left-color:rgb(247,150,70);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="85"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12<u></u><u></u></b></div></td><td style="width:87.1pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="116"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">19.01 <u></u><u></u></span></div></td><td style="width:59.85pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="80"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">4.91 <u></u><u></u></span></div></td><td style="width:73.55pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="98"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.12 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.66 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">29.70 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:63.9pt;border-style:none solid solid;border-right-color:rgb(247,150,70);border-bottom-color:rgb(247,150,70);border-left-color:rgb(247,150,70);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="85"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13<u></u><u></u></b></div></td><td style="width:87.1pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="116"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">20.15 <u></u><u></u></span></div></td><td style="width:59.85pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="80"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5.22 <u></u><u></u></span></div></td><td style="width:73.55pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="98"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.13 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.05 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">30.55 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:63.9pt;border-style:none solid solid;border-right-color:rgb(247,150,70);border-bottom-color:rgb(247,150,70);border-left-color:rgb(247,150,70);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="85"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14<u></u><u></u></b></div></td><td style="width:87.1pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="116"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">21.93 <u></u><u></u></span></div></td><td style="width:59.85pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="80"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5.07 <u></u><u></u></span></div></td><td style="width:73.55pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="98"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.69 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.56 <u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(247,150,70);border-bottom-width:1pt;border-right-color:rgb(247,150,70);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">32.25 <u></u><u></u></span></div></td></tr></tbody></table><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Table 1: Number of mobile subscriptions since 2010 to Jun 2014<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><i style="">Source: Extracted from CCK/CA published reports<u></u><u></u></i></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by Subscriptions since 2010 <u></u><u></u></span></div><table style="width:455.4pt;border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1" width="607"><tbody><tr style="height:15pt;"><td style="width:59.25pt;border-style:solid;border-color:rgb(192,80,77);border-width:1pt 1pt 2.25pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="79"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Month<u></u><u></u></b></div></td><td style="width:90.15pt;border-style:solid solid solid none;border-top-color:rgb(192,80,77);border-top-width:1pt;border-bottom-color:rgb(192,80,77);border-bottom-width:2.25pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="120"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd<u></u><u></u></b></div></td><td style="width:63pt;border-style:solid solid solid none;border-top-color:rgb(192,80,77);border-top-width:1pt;border-bottom-color:rgb(192,80,77);border-bottom-width:2.25pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="84"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd<u></u><u></u></b></div></td><td style="width:1in;border-style:solid solid solid none;border-top-color:rgb(192,80,77);border-top-width:1pt;border-bottom-color:rgb(192,80,77);border-bottom-width:2.25pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="96"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd<u></u><u></u></b></div></td><td style="width:85.5pt;border-style:solid solid solid none;border-top-color:rgb(192,80,77);border-top-width:1pt;border-bottom-color:rgb(192,80,77);border-bottom-width:2.25pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd<u></u><u></u></b></div></td><td style="width:85.5pt;border-style:solid solid solid none;border-top-color:rgb(192,80,77);border-top-width:1pt;border-bottom-color:rgb(192,80,77);border-bottom-width:2.25pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals<u></u><u></u></b></div></td></tr><tr style="height:15pt;"><td style="width:59.25pt;border-style:none solid solid;border-right-color:rgb(192,80,77);border-bottom-color:rgb(192,80,77);border-left-color:rgb(192,80,77);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="79"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10<u></u><u></u></b></div></td><td style="width:90.15pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="120"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">80.7%<u></u><u></u></span></div></td><td style="width:63pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="84"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9.1%<u></u><u></u></span></div></td><td style="width:1in;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="96"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.7%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7.4%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:59.25pt;border-style:none solid solid;border-right-color:rgb(192,80,77);border-bottom-color:rgb(192,80,77);border-left-color:rgb(192,80,77);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="79"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11<u></u><u></u></b></div></td><td style="width:90.15pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="120"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">68.6%<u></u><u></u></span></div></td><td style="width:63pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="84"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">14.3%<u></u><u></u></span></div></td><td style="width:1in;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="96"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.8%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">6.3%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:59.25pt;border-style:none solid solid;border-right-color:rgb(192,80,77);border-bottom-color:rgb(192,80,77);border-left-color:rgb(192,80,77);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="79"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12<u></u><u></u></b></div></td><td style="width:90.15pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="120"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">64.0%<u></u><u></u></span></div></td><td style="width:63pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="84"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">16.5%<u></u><u></u></span></div></td><td style="width:1in;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="96"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.5%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9.0%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:59.25pt;border-style:none solid solid;border-right-color:rgb(192,80,77);border-bottom-color:rgb(192,80,77);border-left-color:rgb(192,80,77);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="79"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13<u></u><u></u></b></div></td><td style="width:90.15pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="120"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">65.9%<u></u><u></u></span></div></td><td style="width:63pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="84"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">17.1%<u></u><u></u></span></div></td><td style="width:1in;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="96"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7.0%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.0%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:59.25pt;border-style:none solid solid;border-right-color:rgb(192,80,77);border-bottom-color:rgb(192,80,77);border-left-color:rgb(192,80,77);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="79"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14<u></u><u></u></b></div></td><td style="width:90.15pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="120"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">68.0%<u></u><u></u></span></div></td><td style="width:63pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="84"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">15.7%<u></u><u></u></span></div></td><td style="width:1in;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="96"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.3%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.0%<u></u><u></u></span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(192,80,77);border-bottom-width:1pt;border-right-color:rgb(192,80,77);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td></tr></tbody></table><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Table 2: Market Share by mobile subscriptions since 2010<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style=""><i>Source: Extracted from CCK/CA published reports</i><u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="c8e4a34b-6968-b5b3-142c-ba8fa2c42c5a" src="cid:jrWLamIAGtjk0Nq0lHZE" height="289" width="481"><i><u></u><u></u></i></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><i style="">Source: Derived from Table 1 above.<u></u><u></u></i></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Chart 2: Market Share by Number of Subscriptions<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Data Subscriptions by Operator<u></u><u></u></span></div><table style="width:454.85pt;border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1" width="606"><tbody><tr style="height:15pt;"><td style="width:150.85pt;border-style:solid;border-color:rgb(79,129,189);border-width:1pt 1pt 2.25pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator<u></u><u></u></b></div></td><td style="width:56pt;border-style:solid solid solid none;border-top-color:rgb(79,129,189);border-top-width:1pt;border-bottom-color:rgb(79,129,189);border-bottom-width:2.25pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10<u></u><u></u></b></div></td><td style="width:56pt;border-style:solid solid solid none;border-top-color:rgb(79,129,189);border-top-width:1pt;border-bottom-color:rgb(79,129,189);border-bottom-width:2.25pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11<u></u><u></u></b></div></td><td style="width:56pt;border-style:solid solid solid none;border-top-color:rgb(79,129,189);border-top-width:1pt;border-bottom-color:rgb(79,129,189);border-bottom-width:2.25pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12<u></u><u></u></b></div></td><td style="width:75pt;border-style:solid solid solid none;border-top-color:rgb(79,129,189);border-top-width:1pt;border-bottom-color:rgb(79,129,189);border-bottom-width:2.25pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13<u></u><u></u></b></div></td><td style="width:61pt;border-style:solid solid solid none;border-top-color:rgb(79,129,189);border-top-width:1pt;border-bottom-color:rgb(79,129,189);border-bottom-width:2.25pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14<u></u><u></u></b></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(79,129,189);border-bottom-color:rgb(79,129,189);border-left-color:rgb(79,129,189);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd<u></u><u></u></b></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2,959,906 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3,584,283 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5,262,307 <u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9,332,995 <u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9,974,377 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(79,129,189);border-bottom-color:rgb(79,129,189);border-left-color:rgb(79,129,189);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd<u></u><u></u></b></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10,000 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">496,509 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,074,764 <u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,597,481 <u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,880,644 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(79,129,189);border-bottom-color:rgb(79,129,189);border-left-color:rgb(79,129,189);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd<u></u><u></u></b></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">- <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">108,926 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">674,255 <u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">795,513 <u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,574,168 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(79,129,189);border-bottom-color:rgb(79,129,189);border-left-color:rgb(79,129,189);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd<u></u><u></u></b></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">- <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">- <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">644,250 <u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">614,016 <u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">501,505 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(79,129,189);border-bottom-color:rgb(79,129,189);border-left-color:rgb(79,129,189);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals<u></u><u></u></b></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2,969,906 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">4,189,718 <u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7,655,576 <u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">12,340,005 <u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:rgb(79,129,189);border-bottom-width:1pt;border-right-color:rgb(79,129,189);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">13,930,694 <u></u><u></u></span></div></td></tr></tbody></table><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><i style="">Source: Compiled from CCK/CA published reports<u></u><u></u></i></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Data Market Shares by Operator by Number of Subscriptions<u></u><u></u></span></div><table style="width:452.85pt;border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1" width="604"><tbody><tr style="height:15pt;"><td style="width:149.4pt;border-style:solid;border-color:black;border-width:1pt 1pt 2.25pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="199"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator<u></u><u></u></b></div></td><td style="width:58.5pt;border-style:solid solid solid none;border-top-color:black;border-top-width:1pt;border-bottom-color:black;border-bottom-width:2.25pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="78"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10<u></u><u></u></b></div></td><td style="width:52.95pt;border-style:solid solid solid none;border-top-color:black;border-top-width:1pt;border-bottom-color:black;border-bottom-width:2.25pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="71"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11<u></u><u></u></b></div></td><td style="width:56pt;border-style:solid solid solid none;border-top-color:black;border-top-width:1pt;border-bottom-color:black;border-bottom-width:2.25pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12<u></u><u></u></b></div></td><td style="width:75pt;border-style:solid solid solid none;border-top-color:black;border-top-width:1pt;border-bottom-color:black;border-bottom-width:2.25pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13<u></u><u></u></b></div></td><td style="width:61pt;border-style:solid solid solid none;border-top-color:black;border-top-width:1pt;border-bottom-color:black;border-bottom-width:2.25pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14<u></u><u></u></b></div></td></tr><tr style="height:15pt;"><td style="width:149.4pt;border-style:none solid solid;border-right-color:black;border-bottom-color:black;border-left-color:black;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="199"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd<u></u><u></u></b></div></td><td style="width:58.5pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="78"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">99.7%<u></u><u></u></span></div></td><td style="width:52.95pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="71"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">85.5%<u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">68.7%<u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">75.6%<u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">71.6%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:149.4pt;border-style:none solid solid;border-right-color:black;border-bottom-color:black;border-left-color:black;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="199"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd<u></u><u></u></b></div></td><td style="width:58.5pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="78"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.3%<u></u><u></u></span></div></td><td style="width:52.95pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="71"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">11.9%<u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">14.0%<u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">12.9%<u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">13.5%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:149.4pt;border-style:none solid solid;border-right-color:black;border-bottom-color:black;border-left-color:black;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="199"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd<u></u><u></u></b></div></td><td style="width:58.5pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="78"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.0%<u></u><u></u></span></div></td><td style="width:52.95pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="71"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.6%<u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.8%<u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">6.4%<u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">11.3%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:149.4pt;border-style:none solid solid;border-right-color:black;border-bottom-color:black;border-left-color:black;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="199"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd<u></u><u></u></b></div></td><td style="width:58.5pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="78"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.0%<u></u><u></u></span></div></td><td style="width:52.95pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="71"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.0%<u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.4%<u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5.0%<u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.6%<u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:149.4pt;border-style:none solid solid;border-right-color:black;border-bottom-color:black;border-left-color:black;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="199"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals<u></u><u></u></b></div></td><td style="width:58.5pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="78"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td><td style="width:52.95pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="71"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td><td style="width:56pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="75"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="100"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td><td style="width:61pt;border-style:none solid solid none;border-bottom-color:black;border-bottom-width:1pt;border-right-color:black;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="81"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%<u></u><u></u></span></div></td></tr></tbody></table><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Data Market Share by Subscription<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="51859a64-1247-71d1-9e65-68f21a472218" src="cid:ZncVykjHZMTcFDMi7Vyk" height="289" width="481"><u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Source: CA Reports Extracts<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="7f4e48f6-7400-566e-a451-3b5316fb26cb" src="cid:JC5v4Vc07q27fpQMVg53" height="377" width="602"><u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Source: Safaricom Half-Year Results Presentation 2014/2015<u></u><u></u></span></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><h3 style="text-indent:0px;margin:12pt 0in 3pt 0.5in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="msg-f:1493639396303079860__Toc404931002">4.1.2<span style="font-weight:normal;"> </span>Market Shares by Traffic or Transactions</a><u></u><u></u></span></font></h3><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Traffic Volumes by Operator since 2012 in Billion Minutes<u></u><u></u></span></div><table style="width:434.85pt;border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1" width="580"><tbody><tr style="height:15pt;"><td style="width:150.85pt;border-style:solid;border-color:rgb(75,172,198);border-width:1pt 1pt 2.25pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator<u></u><u></u></b></div></td><td style="width:98.1pt;border-style:solid solid solid none;border-top-color:rgb(75,172,198);border-top-width:1pt;border-bottom-color:rgb(75,172,198);border-bottom-width:2.25pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2011/12 <u></u><u></u></b></div></td><td style="width:98.1pt;border-style:solid solid solid none;border-top-color:rgb(75,172,198);border-top-width:1pt;border-bottom-color:rgb(75,172,198);border-bottom-width:2.25pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2012/13<u></u><u></u></b></div></td><td style="width:87.8pt;border-style:solid solid solid none;border-top-color:rgb(75,172,198);border-top-width:1pt;border-bottom-color:rgb(75,172,198);border-bottom-width:2.25pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="117"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2013/14<u></u><u></u></b></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(75,172,198);border-bottom-color:rgb(75,172,198);border-left-color:rgb(75,172,198);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd<u></u><u></u></b></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">21.75 <u></u><u></u></span></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">22.61 <u></u><u></u></span></div></td><td style="width:87.8pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="117"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">23.88 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(75,172,198);border-bottom-color:rgb(75,172,198);border-left-color:rgb(75,172,198);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd<u></u><u></u></b></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.93 <u></u><u></u></span></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">3.38 <u></u><u></u></span></div></td><td style="width:87.8pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="117"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">3.06 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(75,172,198);border-bottom-color:rgb(75,172,198);border-left-color:rgb(75,172,198);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd<u></u><u></u></b></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">0.21 <u></u><u></u></span></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">0.38 <u></u><u></u></span></div></td><td style="width:87.8pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="117"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">0.92 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(75,172,198);border-bottom-color:rgb(75,172,198);border-left-color:rgb(75,172,198);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd<u></u><u></u></b></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.07 <u></u><u></u></span></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.43 <u></u><u></u></span></div></td><td style="width:87.8pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="117"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.38 <u></u><u></u></span></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(75,172,198);border-bottom-color:rgb(75,172,198);border-left-color:rgb(75,172,198);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals<u></u><u></u></b></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">26.96 <u></u><u></u></span></div></td><td style="width:98.1pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="131"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">28.80 <u></u><u></u></span></div></td><td style="width:87.8pt;border-style:none solid solid none;border-bottom-color:rgb(75,172,198);border-bottom-width:1pt;border-right-color:rgb(75,172,198);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="117"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">30.24 <u></u><u></u></span></div></td></tr></tbody></table><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><i style="">Source: Compiled from CCK/CA published reports<u></u><u></u></i></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><u></u> <u></u></div><div class="yiv2561106202MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Voice Minutes Market Share by Operator over a three year Period<u></u><u></u></span></div><table style="width:432.9pt;border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1" width="577"><tbody><tr style="height:15pt;"><td style="width:150.85pt;border-style:solid;border-color:rgb(155,187,89);border-width:1pt 1pt 2.25pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator<u></u><u></u></b></div></td><td style="width:97.55pt;border-style:solid solid solid none;border-top-color:rgb(155,187,89);border-top-width:1pt;border-bottom-color:rgb(155,187,89);border-bottom-width:2.25pt;border-right-color:rgb(155,187,89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="130"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2011/12<u></u><u></u></b></div></td><td style="width:99pt;border-style:solid solid solid none;border-top-color:rgb(155,187,89);border-top-width:1pt;border-bottom-color:rgb(155,187,89);border-bottom-width:2.25pt;border-right-color:rgb(155,187,89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="132"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2012/13<u></u><u></u></b></div></td><td style="width:85.5pt;border-style:solid solid solid none;border-top-color:rgb(155,187,89);border-top-width:1pt;border-bottom-color:rgb(155,187,89);border-bottom-width:2.25pt;border-right-color:rgb(155,187,89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv2561106202MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2013/14<u></u><u></u></b></div></td></tr><tr style="height:15pt;"><td style="width:150.85pt;border-style:none solid solid;border-right-color:rgb(155,187,89);border-bottom-color:rgb(155,187,89);border-left-color:rgb(155,187,89);border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="201"></td></tr></tbody></table></div></div></blockquote></div></div><br>_______________________________________________<br>kictanet mailing list<br><a ymailto="mailto:kictanet@lists.kictanet.or.ke" href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a><br><a href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a><br><br>Unsubscribe or change your options at <a href="https://lists.kictanet.or.ke/mailman/options/kictanet/jwalu%40yahoo.com" 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