Safaricom acquires WiMAX firm Packet Stream Data Networks Limited (Kenya)

www.WirelessFederation.com/news: Safaricom, the Kenyan mobile operator, has reportedly acquired a WiMax firm, outwining its peers in the data sector. The operator has inked a 100% share purchase agreement with Packet Stream Data Networks Limited, a data service provision firm. The acquisition now awaits a approval from the Communication Commission of Kenya and the Monopolies Commission.

We are optimistic that they will see it prudent to accept to our acquisition,” Safaricom chief executive Michael Joseph reportedly said.
The move has in large part been facilitated by the positive changes to the regulatory environment, which now allow Safaricom to enjoy the benefits of its newly acquired Unified License,” Mr Joseph further said.
The acquisition is anticipated to aim at a strategic penetration in the Kenyan data market.