<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_1424444082204_9895">Ali,</div><div id="yui_3_16_0_1_1424444082204_9948"><br></div><div id="yui_3_16_0_1_1424444082204_9950" dir="ltr">this is a great report. Who is the Publisher, Date published and might you have the PDF copy?</div><div id="yui_3_16_0_1_1424444082204_9952" dir="ltr">Market Failure is the central thrust here. Competition has failed to bring the market into equilibrium. <br></div><div id="yui_3_16_0_1_1424444082204_11199" dir="ltr"><br></div><div id="yui_3_16_0_1_1424444082204_11665" dir="ltr">Indeed the regulator has to strike. But when (Timming), how (Regulations or Competition Authority) and where (Application level (e.g MPESA)/Infrastructure level (e.g MVNO) or Corporate Level (e.g create mini-Safcoms) is a very delicate issue that can go horribly wrong.</div><div id="yui_3_16_0_1_1424444082204_11200" dir="ltr"><br></div><div id="yui_3_16_0_1_1424444082204_9954" dir="ltr">walu.<br></div><div id="yui_3_16_0_1_1424444082204_9765"><span></span></div><br> <div id="yui_3_16_0_1_1424444082204_12622" style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div id="yui_3_16_0_1_1424444082204_12621" style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;"> <div id="yui_3_16_0_1_1424444082204_12620" dir="ltr"> <hr size="1"> <font face="Arial" size="2"> <b><span style="font-weight:bold;">From:</span></b> Ali Hussein via isoc <isoc@lists.my.co.ke><br> <b><span style="font-weight: bold;">To:</span></b> KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke>; ISOC Kenya Chapter <ISOC@lists.my.co.ke> <br> <b><span style="font-weight: bold;">Sent:</span></b> Friday, February 20, 2015 6:17 PM<br> <b><span style="font-weight: bold;">Subject:</span></b> [isoc_ke] Dominance issue in the Telco sector<br> </font> </div> <div class="y_msg_container"><br><div id="yiv5477724806"><div><div class="yiv5477724806WordSection1" style=""><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"></span></span></font></h1><div class="yiv5477724806MsoNormal" 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.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" 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: -</span></div><div class="yiv5477724806MsoNormal" 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;</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">(b) the level of control over the communications infrastructure;</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">(c) the level of technological advancement of the telecommunications service provider;</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">(d) the scale of operations of the telecommunications service</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806Default" 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.</span></div><div class="yiv5477724806Default" style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><div class="yiv5477724806Default" 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—</span></div><div class="yiv5477724806Default" 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;</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(b) the degree to which a licensee’s prices vary over time;</span></div><div class="yiv5477724806Default" 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;</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(d) the ability of the licensee to earn supernormal profits;</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(e) the global technology and commercial trends affecting market power;</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(f) the licensee’s power to make independent rate setting decisions;</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(g) the degree of product or service differentiation and sales promotion in the market; and</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(h) any other matters which the Commission may consider relevant.</span></div><div class="yiv5477724806Default" style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><div class="yiv5477724806Default" style="margin:0in 0in 0.0001pt;"><span style="">Section 7 (3) A licensee shall be in a dominant market position if;</span></div><div class="yiv5477724806Default" 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;</span></div><div class="yiv5477724806Default" style="margin:0in 0in 6pt;"><span style="">(b) it has the ability to erect or benefit from barriers to market entry;</span></div><div class="yiv5477724806Default" 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.</span></div><div class="yiv5477724806Default" style="margin:0in 0in 0.0001pt;"><span style=""> </span></div><div class="yiv5477724806Default" 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.</span></div><div class="yiv5477724806MsoNormal" 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="_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"></span></span></font></h1><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"> </div><div class="yiv5477724806MsoNormal" 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. </span></div><div class="yiv5477724806MsoNormal" 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.</span></div><div class="yiv5477724806Default" 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="_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"></span></span></font></h1><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" 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. </span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">However for completeness, the Competition Act Chapter 504 Part C section 23. Also defines as dominance as follows: -</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Sections 23 (1) “dominant undertaking” means an undertaking which:</span></div><div class="yiv5477724806MsoNormal" 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</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">(b) provides or otherwise controls not less than one-half of the services which are rendered</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" 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.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" 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.</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="_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"></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="_Toc404931000">4.1<span style="font-weight:normal;"> </span>Degree of Market Concentration or Market Share</a></span></font></h2><div class="yiv5477724806MsoNormal" 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.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">The HHI thresholds in US and EU are defined as follows: -</span></div><ul style="margin-bottom:0in;margin-top:0in;" type="disc"><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">HHI below 1000 – a competitive market. There are no dominant competitors in this market.</span></li><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">HHI between 1000 and 1800 – a moderately concentrated market</span></li><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">HHI above 1800 – a concentrated market. There are one or more dominant competitors in this market.</span></li></ul><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" 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.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" 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)</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">In summary, Safaricom has retained highest market shares as follows: -</span></div><ul style="margin-bottom:0in;margin-top:0in;" type="disc"><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market share by Subscription (voice) 80% in 2010 to 68% in 2014</span></li><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market share by Subscription (Data) 99% in 2010 to 71% in 2014</span></li><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by Voice Minutes (Voice) 80% in 2012 to 79% in 2014</span></li><li class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by number of SMS (SMS) 84% in 2012 to 96% in 2014</span></li><li class="yiv5477724806MsoNormal" 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</span></li></ul><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><h3 style="text-indent:0px;margin:12pt 0in 3pt 0.5in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="_Toc404931001">4.1.1<span style="font-weight:normal;"> </span>Market Shares by Subscriptions</a></span></font></h3><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style=""><b><u>Number Mobile Subscriptions per Operator in Millions</u></b></span></div><table class="yiv5477724806MsoNormalTable" 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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Month</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">16.24 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.83 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.55 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.49 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">20.12 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">17.35 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.61 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.73 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.58 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">25.28 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">19.01 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">4.91 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.12 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.66 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">29.70 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">20.15 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5.22 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.13 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.05 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">30.55 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">21.93 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5.07 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.69 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.56 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">32.25 </span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Table 1: Number of mobile subscriptions since 2010 to Jun 2014</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><i style="">Source: Extracted from CCK/CA published reports</i></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Market Share by Subscriptions since 2010 </span></div><table class="yiv5477724806MsoNormalTable" 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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Month</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">80.7%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9.1%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.7%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7.4%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">68.6%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">14.3%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.8%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">6.3%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">64.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">16.5%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.5%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">65.9%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">17.1%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">68.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">15.7%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.3%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Table 2: Market Share by mobile subscriptions since 2010</span></div><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style=""><i>Source: Extracted from CCK/CA published reports</i></span></div><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="152772f5-a235-6123-6c5a-87cc56c9ee11" id="yiv5477724806Chart_x0020_4" src="cid:stuOv5O0ufVPsfMdD1NG" height="289" width="481"><i></i></span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><i style="">Source: Derived from Table 1 above.</i></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Chart 2: Market Share by Number of Subscriptions</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Data Subscriptions by Operator</span></div><table class="yiv5477724806MsoNormalTable" 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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2,959,906 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3,584,283 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5,262,307 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9,332,995 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">9,974,377 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10,000 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">496,509 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,074,764 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,597,481 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,880,644 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">- </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">108,926 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">674,255 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">795,513 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1,574,168 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">- </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">- </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">644,250 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">614,016 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">501,505 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2,969,906 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">4,189,718 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7,655,576 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">12,340,005 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">13,930,694 </span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><i style="">Source: Compiled from CCK/CA published reports</i></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Data Market Shares by Operator by Number of Subscriptions</span></div><table class="yiv5477724806MsoNormalTable" 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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2009/10</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2010/11</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2011/12</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2012/13</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">2013/14</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">99.7%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">85.5%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">68.7%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">75.6%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">71.6%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.3%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">11.9%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">14.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">12.9%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">13.5%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2.6%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.8%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">6.4%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">11.3%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.4%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5.0%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.6%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Data Market Share by Subscription</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="8832007f-8a23-ea36-cffb-47e3a3e26dca" id="yiv5477724806Chart_x0020_3" src="cid:r7XvTtwTMeLViuma0Adl" height="289" width="481"></span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Source: CA Reports Extracts</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="681db633-cc62-51d9-d395-eb3b6b2a9780" id="yiv5477724806Picture_x0020_2" src="cid:CsCYvrFDEtT4G4IL4FAS" height="377" width="602"></span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Source: Safaricom Half-Year Results Presentation 2014/2015</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><h3 style="text-indent:0px;margin:12pt 0in 3pt 0.5in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="_Toc404931002">4.1.2<span style="font-weight:normal;"> </span>Market Shares by Traffic or Transactions</a></span></font></h3><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Traffic Volumes by Operator since 2012 in Billion Minutes</span></div><table class="yiv5477724806MsoNormalTable" 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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2011/12 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2012/13</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2013/14</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">21.75 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">22.61 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">23.88 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.93 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">3.38 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">3.06 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">0.21 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">0.38 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">0.92 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.07 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.43 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">2.38 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">26.96 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">28.80 </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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">30.24 </span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><i style="">Source: Compiled from CCK/CA published reports</i></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Mobile Voice Minutes Market Share by Operator over a three year Period</span></div><table class="yiv5477724806MsoNormalTable" 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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Operator</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2011/12</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2012/13</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="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Year 2013/14</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"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Safaricom Ltd</b></div></td><td style="width:97.55pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="130"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">80.7%</span></div></td><td style="width:99pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="132"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">78.5%</span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">79.0%</span></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"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Airtel Networks Kenya Ltd</b></div></td><td style="width:97.55pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="130"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.9%</span></div></td><td style="width:99pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="132"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">11.7%</span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">10.1%</span></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"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Telkom Kenya Ltd</b></div></td><td style="width:97.55pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="130"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0.8%</span></div></td><td style="width:99pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="132"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1.3%</span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3.0%</span></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"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Essar Telecom (K) Ltd</b></div></td><td style="width:97.55pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="130"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7.7%</span></div></td><td style="width:99pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="132"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">8.5%</span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">7.9%</span></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"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><b style="">Totals</b></div></td><td style="width:97.55pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="130"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td><td style="width:99pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="132"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td><td style="width:85.5pt;border-style:none solid solid none;border-bottom-color:rgb(155, 187, 89);border-bottom-width:1pt;border-right-color:rgb(155, 187, 89);border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="top" width="114"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style=""><img data-id="93fc3f3b-39a7-05ac-6afc-99eaa0be996d" id="yiv5477724806Chart_x0020_1" src="cid:BY3RgZgLgZpmnVOcaCYV" height="289" width="481"></span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Chart 3: Market Share by Traffic Volumes in Minutes (2013/14)</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">The above numbers clearly supports our submission to declare Safaricom as dominant in the Retail Voice, Data and SMS market.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Mobile SMS Traffic by Mobile Operator in Millions SMS’s</span></div><table class="yiv5477724806MsoNormalTable" style="width:372.7pt;margin-left:4.65pt;border-collapse:collapse;" cellpadding="0" cellspacing="0" border="0" width="497"><tbody><tr style="height:15pt;"><td style="width:132.55pt;border:1pt solid windowtext;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="177"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Operator</span></div></td><td style="width:76.35pt;border-style:solid solid solid none;border-top-color:windowtext;border-right-color:windowtext;border-bottom-color:windowtext;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="102"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Year 2011/12</span></div></td><td style="width:81.9pt;border-style:solid solid solid none;border-top-color:windowtext;border-right-color:windowtext;border-bottom-color:windowtext;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Year 2012/13</span></div></td><td style="width:81.9pt;border-style:solid solid solid none;border-top-color:windowtext;border-right-color:windowtext;border-bottom-color:windowtext;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Year 2013/14</span></div></td></tr><tr style="height:15pt;"><td style="width:132.55pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="177"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Safaricom Ltd</span></div></td><td style="width:76.35pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="102"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3,626.14 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">12,386.16 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">23,502.51 </span></div></td></tr><tr style="height:15pt;"><td style="width:132.55pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="177"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Airtel Networks Kenya Ltd</span></div></td><td style="width:76.35pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="102"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">494.01 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">632.10 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">731.61 </span></div></td></tr><tr style="height:15pt;"><td style="width:132.55pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="177"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Telkom Kenya Ltd</span></div></td><td style="width:76.35pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="102"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">75.02 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">74.25 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">92.35 </span></div></td></tr><tr style="height:15pt;"><td style="width:132.55pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="177"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Essar Telecom (K) Ltd</span></div></td><td style="width:76.35pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="102"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100.21 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">140.58 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">117.55 </span></div></td></tr><tr style="height:15pt;"><td style="width:132.55pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="177"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Totals</span></div></td><td style="width:76.35pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="102"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">4,295 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">13,233 </span></div></td><td style="width:81.9pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="109"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">24,444 </span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><i style="">Source: Compiled from CCK/CA published reports</i></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">SMS Market Shares by Operator by number of SMS’s</span></div><table class="yiv5477724806MsoNormalTable" style="width:374pt;margin-left:4.65pt;border-collapse:collapse;" cellpadding="0" cellspacing="0" border="0" width="499"><tbody><tr style="height:15pt;"><td style="width:139pt;border:1pt solid windowtext;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="185"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Operator</span></div></td><td style="width:75pt;border-style:solid solid solid none;border-top-color:windowtext;border-right-color:windowtext;border-bottom-color:windowtext;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="100"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Year 2011/12</span></div></td><td style="width:80pt;border-style:solid solid solid none;border-top-color:windowtext;border-right-color:windowtext;border-bottom-color:windowtext;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Year 2012/13</span></div></td><td style="width:80pt;border-style:solid solid solid none;border-top-color:windowtext;border-right-color:windowtext;border-bottom-color:windowtext;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Year 2013/14</span></div></td></tr><tr style="height:15pt;"><td style="width:139pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="185"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Safaricom Ltd</span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="100"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">84%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">94%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">96%</span></div></td></tr><tr style="height:15pt;"><td style="width:139pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="185"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Airtel Networks Kenya Ltd</span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="100"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">12%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">5%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">3%</span></div></td></tr><tr style="height:15pt;"><td style="width:139pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="185"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Telkom Kenya Ltd</span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="100"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0%</span></div></td></tr><tr style="height:15pt;"><td style="width:139pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="185"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Essar Telecom (K) Ltd</span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="100"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">2%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">1%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">0%</span></div></td></tr><tr style="height:15pt;"><td style="width:139pt;border-style:none solid solid;border-right-color:windowtext;border-bottom-color:windowtext;border-left-color:windowtext;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="185"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;"><span style="">Totals</span></div></td><td style="width:75pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="100"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td><td style="width:80pt;border-style:none solid solid none;border-bottom-color:windowtext;border-bottom-width:1pt;border-right-color:windowtext;border-right-width:1pt;padding:0in 5.4pt;height:15pt;" nowrap="" valign="bottom" width="107"><div class="yiv5477724806MsoNormal" style="margin:0in 0in 0.0001pt;text-align:right;" align="right"><span style="">100%</span></div></td></tr></tbody></table><h1 style="text-indent:0px;margin:12pt 0in 3pt 0.3in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="_Toc404931010"><span lang="EN-GB">5<span style="font-weight:normal;"> </span></span><span lang="EN-GB">Benchmarking – Case Studies</span></a><span lang="EN-GB"></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="_Toc404931011">5.1<span style="font-weight:normal;"> </span>Dominance Declarations in African Countries</a></span></font></h2><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Recently the Nigeria Communications Commission declared MTN Nigeria and Globacom dominant following a study conducted by KPMG Professional Services. MTN was declared dominant in two market segment-Mobile Voice Market and Wholesale leased lines and transmission capacity whereas Globacom (Nigeria’s second National Operator) was declared the leader in wholesale leased lines and transmission capacity market.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">In its determination, Nigeria Communications Commission found that the mobile voice market was not effectively competitive and therefore ordered MTN (which has 44% of the mobile voice market) to charge same amount for on-net and off-net calls. We further wish to share with the Authority a list of countries in Africa which have declared some mobile operators dominant.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><table class="yiv5477724806MsoNormalTable" style="border-collapse:collapse;border:none;" cellpadding="0" cellspacing="0" border="1"><tbody><tr><td style="width:79.8pt;border:1pt solid black;padding:0in 5.4pt;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><b style="">Country in Africa</b></div></td><td style="width:132.6pt;border-style:solid solid solid none;border-top-color:black;border-right-color:black;border-bottom-color:black;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><b style="">Name of Dominant Operator in country</b></div></td><td style="width:103.5pt;border-style:solid solid solid none;border-top-color:black;border-right-color:black;border-bottom-color:black;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><b style="">Market Share of Dominant Operator</b></div></td><td style="width:135pt;border-style:solid solid solid none;border-top-color:black;border-right-color:black;border-bottom-color:black;border-top-width:1pt;border-right-width:1pt;border-bottom-width:1pt;padding:0in 5.4pt;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><b style="">Year Operator declared Dominant</b></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Nigeria</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">MTN</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">44%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">April 28, 2013</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Congo B</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">MTN</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Airtel</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">40%</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">38%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">March 2013</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Niger</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Airtel</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">61.4%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">2013</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">chad</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Airtel</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">53%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">2013</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Rwanda</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">MTN</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">57%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">2013</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Burkina Faso</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Airtel</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Telmob</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">39.24%</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">38.36%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">2012</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Senegal</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Orange</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">62.06 %</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">2012</span></div></td></tr><tr><td style="width:79.8pt;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;" valign="top" width="106"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Gabon</span></div></td><td style="width:132.6pt;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;" valign="top" width="177"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">Airtel</span></div></td><td style="width:103.5pt;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;" valign="top" width="138"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">45%</span></div></td><td style="width:135pt;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;" valign="top" width="180"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt;"><span style="">2013</span></div></td></tr></tbody></table><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">We wish to highlight to the Authority that Safaricom has more market shares than most of the operators declared dominant as per the table above. We therefore request the Authority to proceed with speed to declare Safaricom dominant just like the other regulators have done in their jurisdictions.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> </div><h2 style="text-indent:0px;margin:6pt 0in 6pt 0.4in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="_Toc404931012">5.2<span style="font-weight:normal;"> </span>IFT (Federal Telecommunication Institute) Mexico</a></span></font></h2><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">In early 2014 America Movil and its operating subsidiaries- Telecel (Mexico’s wireless market leader) and Telemex (the dominant fixed line player) were declared by the IFC as a dominant economic interest group in the telecommunications market. </span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">Telecel’s market share at the time stood at 69 % and Telemex’s market share stood at around 85%. The market concentration stood at 6382 points on the HHI with Mobile Market standing at 5334 point and the fixed telephony market stood at 4761 points on the HHI. According to the IFT a HHI score of more than 2000 points can affect competition. As the Authority will note the HHI scores are very much in line with the market concentration levels in Kenya.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"><span style="">The regulator subjected them to the following regulations on the wholesale level:</span></div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· Asymmetric interconnection rates</span></div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· Access to passive infrastructure</span></div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· Local loop unbundling</span></div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· Mandatory National roaming Access</span></div><div class="yiv5477724806MsoNoSpacing" style="margin:0in 0in 0.0001pt;"> </div><div class="yiv5477724806MsoNoSpacing" style="margin:0in 0in 0.0001pt;"><span style="">The regulator subjected them to the following regulations on the retail level:</span></div><div class="yiv5477724806MsoNoSpacing" style="margin:0in 0in 0.0001pt;"> </div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· End to SIM locking of handsets</span></div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· All services sold in bundles were required to be sold separately</span></div><div class="yiv5477724806MsoNoSpacing" style="text-indent:0px;margin:0in 0in 0.0001pt 0.5in;"><span style="">· Certain retail prices were to be reviewed.</span></div><h2 style="text-indent:0px;margin:6pt 0in 6pt 0.4in;"><font color="#000000" size="3"><span style=""><a href="" rel="nofollow" name="_Toc404931013">5.3<span style="font-weight:normal;"> </span>Summary of obligations Imposed on Dominant Operators in other countries</a></span></font></h2><div class="yiv5477724806MsoNoSpacing" style="margin:0in 0in 0.0001pt;"><span style="">The following is a summary of Dominance Remedies implemented in various countries. It is important to note that Asymmetric Interconnection is one of the remedies, Account separation, infrastructure sharing and on-net/off-net equalization.</span></div><div class="yiv5477724806MsoNoSpacing" style="margin:0in 0in 0.0001pt;"> </div><table class="yiv5477724806MsoNormalTable" style="width:665px;border-collapse:collapse;" cellpadding="0" cellspacing="0" border="0" width="102%"><tbody><tr style="height:24pt;"><td style="width:56.625px;border-style:solid;border-color:white;border-width:1pt 1pt 3pt;padding:0.75pt 5.4pt 0in;height:24pt;" valign="top" width="10%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;text-align:justify;"><span style=""><b>Country</b></span></div></td><td style="width:577.625px;border-style:solid solid solid none;border-top-color:white;border-top-width:1pt;border-bottom-color:white;border-bottom-width:3pt;border-right-color:white;border-right-width:1pt;padding:0.75pt 5.4pt 0in;height:24pt;" valign="top" width="90%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;text-align:justify;"><span style=""><b>Obligations</b></span></div></td></tr><tr style="height:120.8pt;"><td style="width:56.625px;border-style:none solid solid;border-right-color:white;border-bottom-color:white;border-left-color:white;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0.75pt 5.4pt 0in;height:120.8pt;" valign="top" width="10%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;text-align:justify;"><span style=""><b>Ghana </b></span></div></td><td style="width:577.625px;border-style:none solid solid none;border-bottom-color:white;border-bottom-width:1pt;border-right-color:white;border-right-width:1pt;padding:0.75pt 5.4pt 0in;height:120.8pt;" valign="top" width="90%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Accounting Separation</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Collapse of On‐net and Off‐net Retail Tariffs. The tariff for on‐net and off-net will be the same, and subject to periodic review.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Submission of Required Details: The Commission may require the dominant operator to submit details on specific aspects of its operations from time to time as the need arises.</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Asymmetric interconnect termination rate regime applies to new entrants as well as Operators with less than 5% of subscriber market share</span></div></td></tr><tr style="height:75.2pt;"><td style="width:56.625px;border-style:none solid solid;border-right-color:white;border-bottom-color:white;border-left-color:white;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0.75pt 5.4pt 0in;height:75.2pt;" valign="top" width="10%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;text-align:justify;"><span style=""><b>Gabon</b></span></div></td><td style="width:577.625px;border-style:none solid solid none;border-bottom-color:white;border-bottom-width:1pt;border-right-color:white;border-right-width:1pt;padding:0.75pt 5.4pt 0in;height:75.2pt;" valign="top" width="90%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Interconnection</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Obligations of the quality of service, Obligation of non-discrimination transparency;</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Publication of the catalog of infrastructure sharing;</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Accounting separation obligation and duty on the cost accounting of all benefits</span></div></td></tr><tr style="height:39.3pt;"><td style="width:56.625px;border-style:none solid solid;border-right-color:white;border-bottom-color:white;border-left-color:white;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0.75pt 5.4pt 0in;height:39.3pt;" valign="top" width="10%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;text-align:justify;"><span style=""><b>Nigeria</b></span></div></td><td style="width:577.625px;border-style:none solid solid none;border-bottom-color:white;border-bottom-width:1pt;border-right-color:white;border-right-width:1pt;padding:0.75pt 5.4pt 0in;height:39.3pt;" valign="top" width="90%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Collapsed of on-net and off-net retail tariffs to discourage calling club effect;</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Accounts Separation;</span></div></td></tr><tr style="height:39.3pt;"><td style="width:56.625px;border-style:none solid solid;border-right-color:white;border-bottom-color:white;border-left-color:white;border-right-width:1pt;border-bottom-width:1pt;border-left-width:1pt;padding:0.75pt 5.4pt 0in;height:39.3pt;" valign="top" width="10%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;text-align:justify;"><span style=""><b>Mexico</b></span></div></td><td style="width:577.625px;border-style:none solid solid none;border-bottom-color:white;border-bottom-width:1pt;border-right-color:white;border-right-width:1pt;padding:0.75pt 5.4pt 0in;height:39.3pt;" valign="top" width="90%"><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Asymmetric interconnection rates</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Access to passive infrastructure</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Local loop unbundling</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Mandatory National roaming Access</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• End to SIM locking of handsets</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• All services sold in bundles were required to be sold separately</span></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in 0.0001pt 0.25in;text-align:justify;"><span style="">• Certain retail prices were to be reviewed.</span></div></td></tr></tbody></table><div class="yiv5477724806MsoNoSpacing" style="margin:0in 0in 0.0001pt;"><b style=""> </b></div><div class="yiv5477724806MsoNormal" style="margin:3pt 0in;"> <b style="">Ali Hussein</b></div></div><div><br></div><div style="font-family:Helvetica;font-size:medium;">+254 770 906375 / 0713 601113</div><div style="font-family:Helvetica;font-size:medium;"><br></div><div><div style="margin:0in 0in 0pt;"><span style="">Twitter: @AliHKassim</span></div><span style=""><font></font></span><div style="margin:0in 0in 0pt;"><span style="">Skype: abu-jomo</span></div><div style="margin:0in 0in 0pt;"><span style="">LinkedIn: <a rel="nofollow" target="_blank" href="http://ke.linkedin.com/in/alihkassim">http://ke.linkedin.com/in/alihkassim</a><a rel="nofollow" target="_blank" href="http://ke.linkedin.com/in/alihkassim"><span style="text-decoration:none;"></span></a></span></div><span style=""><font></font></span><div style="margin:0in 0in 0pt;"></div><font><span style="">Blog: <a rel="nofollow" target="_blank" href="http://www.alyhussein.com/">www.alyhussein.com</a></span><br></font></div><div><span style=""><br></span></div><div>"I fear the day technology will surpass human interaction. The world will have a generation of idiots". ~ Albert Einstein</div><div><span style=""><br></span></div>Sent from my iPad</div></div><br>_______________________________________________<br>isoc mailing list<br><a ymailto="mailto:isoc@lists.my.co.ke" href="mailto:isoc@lists.my.co.ke">isoc@lists.my.co.ke</a><br><a href="http://lists.my.co.ke/cgi-bin/mailman/listinfo/isoc" target="_blank">http://lists.my.co.ke/cgi-bin/mailman/listinfo/isoc</a><br><br></div> </div> </div> </div></body></html>