France Telecom plans to spend KES 8 billion for Telkom Kenya’s infrastructure (Kenya, France)

France Telecom is planning to spend nearly KES 8 billion annually for the infrastructure of Telkom Kenya.
According to Peter Reinartz, deputy CEO of Telkom Kenya, ‘Our investment rate today, for 2008, 2009 and years to come is around KES 8-KES 10 billion per year.’
Telkom Kenya’s 51% stake was bought by a consortium led by France Telecom for USD 390 million.
Since then the firm has spent nearly KES 5 billion for upgrading company’s infrastructure. Telekom Kenya aims to become the country’s leading integrated telecommunications provider.
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