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Safaricom -Yu can this be a case of conflict of interest?
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selah
#1 Posted : Tuesday, April 05, 2011 12:29:58 PM
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Joined: 10/13/2009
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Location: in kenya
Vodafone who are a majority owner in safaricom are at the same time now holding the controlling stake in YU's parent company Essar telecom with 75% share holding.

I think I read in safaricoms prospectus[E&OE]that shareholders are not allowed to have a competing business where safaricom is operating.Please can someone shade a light on this interesting relationship.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Much Know
#2 Posted : Tuesday, April 05, 2011 12:45:12 PM
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Vodafone kicked out all essar remanants in india last week, i dont know what YU Kenya now really is, i suspect it is the same boat as India, all essar remnants will be kicked out any time now, expect new vodafone faces there.
A New Kenya
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muganda
#3 Posted : Tuesday, April 05, 2011 1:36:07 PM
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And Vodafone never owned shares in Essar anyway. The two separate companies were joint partners in a venture named "VodafoneEssar".

In 2007, Vodafone bought 67% of Hutch-Essar beating Reliance Communications (a previous joint venture).

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Much Know
#4 Posted : Tuesday, April 05, 2011 3:27:06 PM
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Whats more interesting is that YU(perhaps now vodafone) uses Airtel infrastructure. lol
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selah
#5 Posted : Tuesday, April 05, 2011 3:48:04 PM
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Joined: 10/13/2009
Posts: 1,950
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Much Know wrote:
Whats more interesting is that YU(perhaps now vodafone) uses Airtel infrastructure. lol


Now that is funny...but we will see more of infrastructure sharing...I think in Ghana it has started.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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