Equitel dethrones Telkom to claim third spot in market share

Equity Bank’s telecoms unit has dislodged Telkom Kenya as the country’s third largest operator, as the lender through its Equitel brand continued to gain subscribers at the expense of the State-owned rival.

Latest official data shows that during the three months that ended last September, Equitel marked the second-fastest expansion of its subscriber base at a 3.2 percent rate, adding 46,938 users to hit 1.5 million subscribers up from 1.45 million in June.