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YU 4 sale.
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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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...&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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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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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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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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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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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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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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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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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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Rank: Veteran Joined: 4/16/2010 Posts: 906 Location: Nairobi
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Rumoured price 300m. Would love to see MTN take a stab at this. Link: http://techmtaa.com
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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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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Rank: Member Joined: 10/26/2008 Posts: 380
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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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Rank: Veteran Joined: 7/22/2008 Posts: 1,139
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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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Rank: Veteran Joined: 5/18/2008 Posts: 796
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Mkimwa wrote: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..
$300m is NOT cheap... yet I hear Safcom spends thrice that per month on supplies.. Yenyewe kuna premier league na 3rd division in the kenyan Telco's market
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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mozenrat wrote:Mkimwa wrote: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..
$300m is NOT cheap... yet I hear Safcom spends thrice that per month on supplies.. Yenyewe kuna premier league na 3rd division in the kenyan Telco's market You sure?.......Kes 81B per month on supplies????? ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Apparently The company does not intend to sell its Kenyan operation anytime soon ,they only backed out of an advanced negotiation into a buyout of two telcos one in uganda and another in congo. http://www.indiaincorpor...tml#.TfiguDQdbkM;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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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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Did someone talk of a monopolies commission? I did not know we had such a thing... Great men are not always wise, neither do the aged understand judgement...
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Rank: New-farer Joined: 6/3/2010 Posts: 96
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mozenrat wrote:Mkimwa wrote: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..
$300m is NOT cheap... yet I hear Safcom spends thrice that per month on supplies.. Yenyewe kuna premier league na 3rd division in the kenyan Telco's market yet I hear Safcom spends thrice that per month on suppliesThis statement cannot be true...that will mean that in a month Safaricom will spend USD 900M on expenses...while their Fully year (12 months) revenue is only a shade over $1bn usd....how now?
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Rank: Member Joined: 3/5/2008 Posts: 532 Location: Nairobi
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Briliant thought KenyanLyrics,,MTN has always yearned to establish a foothold in Kenya, EA. Some gut feeling tells me this is the moment.
Strive not to be a success, but rather to be of value. –Albert Einstein.
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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MTN already took of Uunet; and thats a sizeable data market. To have to take over YU gives them space both for voice (Yu) and data (Uunet). Could this be the reason why Yu consistently affirms they are not going into 3G? Just hypothesizing ...... The laudable is more often than not rendered laughable by overclaim
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