I think the shift from heavy reliance on satellite to fiber could justify this.

Not true since depreciation is not a tax deductible expense. The company will however benefit from a tax deduction for amounts spent on access to the cable and on the associated software.

Kenyan internet is still in its infancy. The cable is here, next... local content is going to explode, you will need the net to buy, to sell, to access your money, file tax returns, access public services, communicate, learn, take exams, be entertained, the net will be a necessity rather than a luxury. The net cake will be huge. Access and safaricom are just ways of taking you there. One is a taxi, the other a bus. I am no IT expert but the way i see it both saf and access stand to make good money. If access is well run and can maintain top management, a monied suitor will come calling soon and investors stand to gain huge.

@sparkly well said...technology is the future and Africa is still verry far behind the digital age so theres still lots of potential here...AK has made huge investment in itself so lets see wait and see how the half year results play out...i think a clear picture on the way foward will be revealed then...

I definitely agree with sparkly. We are barely scratching the surface on broadband connectivity in Kenya. I say if you own AK, hold on tight for a few more years. In terms of share appreciation, AK will do better that SCOM. SCOM is too diluted.