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YU 4 sale.
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selah
#1 Posted : Wednesday, June 15, 2011 12:40:09 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Essar telecom is putting its kenyan and in general african operation up for sale. This seems to show Essar is divesting from telecom sector after selling its controversial Indian outfit to its partner Vodafone. http://www.mydigitalfc.c...d&utm_medium=twitter
'......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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Barrywhite
#2 Posted : Wednesday, June 15, 2011 4:08:47 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
Not entirely surprising; business has been tough for them. And there are no signs its going to get easier, especially considering they have no plans of going into 3G - which incidentally also requires tonnes of money. Guess who will be next for sale.
The laudable is more often than not rendered laughable by overclaim
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Gathige
#3 Posted : Wednesday, June 15, 2011 5:56:45 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
Barrywhite wrote:
Not entirely surprising; business has been tough for them. And there are no signs its going to get easier, especially considering they have no plans of going into 3G - which incidentally also requires tonnes of money. Guess who will be next for sale.
Next time they will not bother to sell as they have changed hands so many times. They will just say "TUMEHAMA"
"Things that matter most must never be at the mercy of things that matter least." Goethe
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erifloss
#4 Posted : Wednesday, June 15, 2011 7:24:09 PM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
Most probably safcom might buy coz of the Vodafone factor though the Monopolies commission will raise alot of questions coz of the 'noise' that might occur thereafter.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Gordon Gekko
#5 Posted : Wednesday, June 15, 2011 8:10:37 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
erifloss wrote:
Most probably safcom might buy coz of the Vodafone factor though the Monopolies commission will raise alot of questions coz of the 'noise' that might occur thereafter.
Why would Safcom buy them out? Think about it, where would the current subscribers go if it folded? If you use the current market share as the basis of churn, then Safcom will get 75% without buying out anything. It is therefore in their interest that Yu just folds. On a different front, will Essar also dump the white elephant KPRL?
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KenyanLyrics
#6 Posted : Wednesday, June 15, 2011 11:32:53 PM
Rank: Veteran

Joined: 4/16/2010
Posts: 906
Location: Nairobi
Rumoured price 300m. Would love to see MTN take a stab at this. Link: http://techmtaa.com
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mlennyma
#7 Posted : Thursday, June 16, 2011 8:24:26 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The 1st casualty,airtel to follow suit as safcom and orange join hands to share costs and lock out airtel.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#8 Posted : Thursday, June 16, 2011 8:29:06 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
The 1st casualty,airtel to follow suit as safcom and orange join hands to share costs and lock out airtel.
That would be beautiful...if I were Safcon i'd buy Yu & kill it slowly whilst moving customers to Safcon.
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Mkimwa
#9 Posted : Thursday, June 16, 2011 11:12:25 AM
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Joined: 10/26/2008
Posts: 380
MTN have always wanted to get into Kenya, this is their chance. $300m is not cheap, but it will give them a youthful market, about 1m subs..
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Burning Spear
#10 Posted : Thursday, June 16, 2011 11:23:51 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
MTN can put their bid but this will not be easy. The locking of subscribers by safaricom will drive even Airtel out of business. Orange has realised this and has opted to partner with safcon on some deliveries.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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