ze real casualty here iz orange,zose frenchmen cant believe zeir ill luck...zey are in frantic talks wiz Sarkozy to press GOK for more favours...seacom haitawasaidia sana,unless they eat the cable coz hoarding bandwith cant bring profits.

@Njunge
Naona tuko wengi, there is always comfort in numbers. We are bigger than Safaricom and this is our time to eat and make merry. Wachana na watu wa NO, they will always poke holes to anything good or bad. Lets support Zain and vuka coz their move was very bold indeed, we have been enslaved for too long.

I vukad on day one, no regrets. We will use ZAP and develop many other products.if they think we are doomed

@Fund
safaricom is worth about 200b! thats looks like a lot of capital to me. kenyans have been crying for lower rates, but MJ thinks thats peculiar. safaricom belongs to vodafone (largely) and the last i checked that was not a local company. in summary safaricom deserves whats coming to them (which is near total ruin). "our company" (am a shareholder) has been destroyed by the arrogance of a foreigner. at the end of the day who loses? ....am sure mobitelea has already collected their moola.

...and down goes the share price. Zain has found and hit scom's achilles heel.

bytheway.... Yu has the same offer on calls. 5CENTS per second to all networks..

So how come there wasn't this much hype when Orange launched their Unlimited Calls for Kshs. 100 per month...

Surely that was a better deal than anything being offered now..

Dahhh that's the same as zain 3/- per minute said differently.

Theirs was on orange to orange calls. What percentage of your phone book is "orange"? There is your answer.

@Njunge

For the year ended 31 March 2009, under an agreement with Mobitelea Ventures Limited, the Vodaphone Group completed the purchase of a 5% indirect equity stake in Safaricom increasing the Group’s effective interest in Safaricom to 40%.

Fine print in that years annual report... Deal worth 2.5 Billion Kenya Shillings...

@bss thanks for confirming that. i knew it!

some ppl here dont seem to realize that what has happened has never happened before so it is futile to try to predict what will follow based on the past. the best way is to look at scenarios:

scenario 1: safcon maintains their arrogant shareholder value crap and they get completely ruined. i mean completely! with numbers, zain can also upgrade their data and zap offers. it is not patented technology. btw m-kesho is no longer a unique service as such. other banks (not just equity) already have similar offerings. there is no reason why zain or any other operators cannot implement something similar. the strategy is in the numbers on your register (who knows that better that safaricom??)

scenario 2: safcon joins the fray and their revenue (or at least net profit margin) reduces by half. thats the better option if u ask me.

in both scenarios, shareholders are in funk. the trend that started today is the beginning of a bitter journey to hell (sorry to say).

my 2 cents