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4-Traders Homepage  >  Equities  >  NAIROBI STOCK EXCHANGE  >  Safaricom Limited    SCOM   KE1000001402

SAFARICOM LIMITED (SCOM)
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Safaricom : launches digital TV decoders with new apps

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12/14/2017 | 09:44pm CET

Safaricom director for consumer business Sylvia Mulinge. FILE PHOTO | NMG

Telecoms firm Safaricom #ticker:SCOM has relaunched its Internet-enabled digital TV decoders in the market a year after it suspended sales to address technical malfunctions.

The telco started selling the Safaricom Digital TV and Internet Box for Sh9,999 at its shops last month, promising customers better user interaction, more applications and a stable system.

Safaricom’s new set-top box has Wi-Fi capability, an embedded 4G SIM card slot, is running on the second latest Android software Nougat 7.0 and will air several free-to-air channels.

The new decoder, which has dropped the name Big Box, will now come with personal video recorder capabilities as well an internal storage space of 32 gigabytes allowing users to download and store movies for offline viewing.

“The box is available in Nairobi and Mombasa and we shall be rolling it out in coming weeks to other towns where we have our 4G network,” said Safaricom director for consumer business Sylvia Mulinge.

Safaricom launched the Big Box in May 2015, betting on the demand created by the migration of analogue TV broadcasting to digital platforms to drive sales of the decoder.

The telco sold more than 1,500 devices in the first seven months of its offering, but technical glitches — Wi-Fi function was too weak to support indoor Internet access — forced it to suspend sales to facilitate an upgrade.

The decoder was relaunched in November 2015, and its retail price slashed by half to Sh4,999, in an attempt to address the device’s low uptake.

Months later, the device was quietly removed from the market until its reintroduction last month.

“We factored in customer feedback from the first box and have upgraded both the memory and storage on the new box,” Ms Mulinge, adding that the box would be embedded with streaming services such as Showmax and iFlix.

The reintroduction of Safaricom’s digital box comes at a time when the telco is investing significant capital in deploying fibre to the home, taking the fight for Internet customers to players such as Jamii Telecom and Wananchi Group.

(c) 2017 Nation Media Group. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( KES)
Sales 2018 238 B
EBIT 2018 78 361 M
Net income 2018 54 266 M
Finance 2018 9 059 M
Yield 2018 4,22%
P/E ratio 2018 19,69
P/E ratio 2019 16,62
EV / Sales 2018 4,47x
EV / Sales 2019 3,97x
Capitalization 1 072 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 24,9  KES
Spread / Average Target -7,0%
EPS Revisions
Managers
NameTitle
Robert William Collymore Chief Executive Officer, MD & Executive Director
Nicholas Nganga Chairman
Steve Okeyo Director-Regional Sales & Operations Division
Govinder Sateesh Kamath Chief Financial Officer
Thibaud Rerolle Director-Technical & Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
SAFARICOM LIMITED10 410
BHARTI AIRTEL LIMITED69.25%32 316
MTN GROUP LIMITED5.42%19 094
DRILLISCH68.85%14 340
DIGI.COM BHD--.--%9 094
TURKCELL ILETISIM HIZMETLERI A.S.--.--%8 453