Company Financial Situation

It is excessively signing a deal with a European firm to launch fourth generation technology which go out see increase in the speed of meshwork society from the current 7 .2 of 2Mbps .Safaricom has also launched new products and service in the market that the normal `Mwananchi can afford e .g . bamba 20 , bemba bamba and super ongea tariff which is as low as 80 cents . In September , 2001 it launched ATM top up for its pre-paid subscribers to alter top up at teller work . It has also created technological problem solving techniques . In the cartridge by MaryAnn and Chris (2009 ) the confederacy has created the widest engagement coverage in Kenya to verify that subscribers possess clear signal when communicating (p .35 . Business message Solutions has enabled fast(a) and affordable communication to a large audienceAccord ing to Less (2009 ) Safaricom has a turnover of 70 .5 one thousand million revenues from 61 .4 one thousand thousand the previous physical body , a 14 .8 increase , with a market capitalisation of 148 billion (p .18 .Safaricom controls the stock market with a listing of 40 billion shares , the highest in Africa . It has an operating profit of16 .

2 billion with a profit before tax of 15 .3 billion (Less ,2009 .Cash of 30 .1 billion from operations remained strong enabling the company to flip ones lid its network coverage and ensure that it had a strong network to handle its increasing subscribers . The shareholder s fund increase by 19 .9 to 51 .2 billion (M! ichael Joseph 2009 The graph shows how the numbers racket of subscribers have significantly increased as at Nov 2009Though Safaricom runs the telecom industry , it has been go about with stiff competition from early(a) companies as Zain , Orange , Econet radiocommunication , Access Kenya and Wananchi on origination . Safaricom has continued market leading with a control of 79 .1 of...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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