Safaricom PLC (NAI:SCOM)

KES 17.1 -0.3 (-1.71%) Market Cap: 689.13 Bil Enterprise Value: 851.68 Bil PE Ratio: 11.86 PB Ratio: 4.45 GF Score: 98/100

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Half Year 2020 Safaricom Plc Earnings Call Transcript

Nov 01, 2019 / 01:00PM GMT

Release Date Price: KES30.3 (+1.85%)

Transcript

Operator

Good afternoon, ladies and gentlemen, and welcome to Safaricom PLC's Half Year of 2020 Earnings Release Conference Call. You're welcome to familiarize yourself with the disclaimer, which is available on the investor presentation on the Safaricom website. (Operator Instructions) Please note that this conference is being recorded.

I'd now like to hand the conference over to the CEO, Mr. Michael Joseph. Please go ahead, sir.

Sateesh Kamath

Safaricom PLC - CFO

Hi, this is Sateesh Kamath, the CFO. Michael is joining us for the Q&A session. We are getting started. I'll give you a quick introduction. The focus of half year 1 was regaining customer trust and market share. Good progress was made, but there is more to do. We have accelerated our 4G coverage rollout and are on track for delivering our commitment of covering every town in Kenya by the end of the year.

Despite the economic challenges, we have delivered strong results for the period, and we look and feel that the outlook is positive. The launch of our simplified plans and customer

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