Kenya Data Networks is targeting the Ugandan and Rwandan markets to move back to profitability after being buffeted by competition in the local market.
CEO Shahab Meshki said the firm, which has registered poor performance since 2010, had now completed a fibre optic installation linking Kampala with Rwanda. The firm intends to tap multinationals with operations across the region by providing internet services and data storage facilities via cloud computing. This is part of a wider strategy aimed at repositioning KDN as a top internet services provider. The drive includes enhancing its network reliability, local talent development, and improvements in its governance. KDN's parent company, Altech, intends to invest KES 830 million in the next year to build five satellite data centres in East Africa as it seeks to strengthen its competitiveness in offering leased storage services. It is aiming these satellites at regional financial institutions, mobile telecommunications firms and government departments.
Source: Telecom Paper