Equity to know Thin SIM fate this week

Bob Collymore CEO Safaricom (left) in a letter to CBK and CA raises integrity and security concerns over Thin SIM, a technology that Equity Bank wants to launch. Equity termed the claims baseless.

Kenya: The fate of Equity Bank’s entry into the telecoms industry will be known this week when the industry regulator responds to concerns raised by Safaricom over the bank’s Thin SIM technology.

“We are finalising investigations on the concerns raised by Safaricom,” Communications Authority of Kenya (CA) Director General Francis Wangusi, said. Wangusi said the authority has been awaiting reports from other jurisdictions to benchmark on how they handled SIMilar cases. “We are studying to see whether Safaricom’s claims have merit,” he said. “We will meet all the parties concerned early next week to discuss our decision.”