It was during his tenure at CCK that the unified licensing regime that gave birth to Applications Service Provider ASP under which Equity was licensed as a Mobile Virtual Network Operator (MVNO) was created.
MVNO comes with a license fee requirement of Sh100,000 and enables an entity to offer services such as customer registration, SIM card issuance, billing and customer care to end users without holding a spectrum licence.
Other than Finserve, which the telecoms regulator licensed as an MVNO in April, other providers includes Mobile Pay Limited, owned by Tangaza money and ZionCell.
This means that the three firms will ride on the existing infrastructure of the mobile operators at a fee to offer their services.
This team has, among others,
"We want to roll out the MVNO with a military precision and discipline. This will be made possible by the people we have in the team" added
The new licences are expected to promote competition in the telecommunications sector.
Most Popular Stories
- James Foley Beheading Video Is Real Thing: White House
- McDonald's Packages Coffee for National Distribution
- Apple Stock Bounces Back Big Time
- Faith Groups Divest From Fossil Fuels
- Notes From the July FOMC Meeting
- Castro-Blanco Joins Fifth Street Finance Board
- Honda's Safe Approach Pays Off in Sales
- Ballmer Steps Down From Microsoft Board
- GE Healthcare Bringing Jobs to Massachusetts
- Target Slashes Annual Profit Outlook