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{
    "id": 853400,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/853400/?format=api",
    "text_counter": 214,
    "type": "speech",
    "speaker_name": "Marakwet West, JP",
    "speaker_title": "Hon. William Kisang",
    "speaker": {
        "id": 2263,
        "legal_name": "William Kipkemoi Kisang",
        "slug": "william-kipkemoi-kisang"
    },
    "content": "We, as a Committee, sat and because of the dynamics of the industry and the dominance that is in the sector, we proposed or came up with something. We agreed that we need to level the field of the industry and encourage local investors to put in their resources. The shareholding of local investors in the three operators that are already there – Safaricom, Telkom and Airtel – is below 50 per cent. So, we said we need to encourage local investors to put in resources. That is so that we increase the shareholding and the market share of Kenyans. Because of the entry barrier of Kshs2.5 billion upfront licence fee for spectrum, we proposed that for companies that have more than 51 per cent shareholding, they pay over a period of not more than 10 years if the spectrum fee is more than Kshs1 billion. The current 4G licence is at 25 million US Dollars. That is equivalent to about Kshs2.5 billion. It will be good if we give them an opportunity to pay an average of Kshs250 million a year and also allow them to invest in towers. That way, coverage in our country will move faster. That is why we propose that we spread the charge across the spectrum fee for companies that own more than 50 per cent. I propose that Members support this so that we give opportunities to our local companies to invest in the telecommunication sector. I beg to move."
}