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Should Safaricom acquire Seven Seas Technologies or AccessKenya?
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jguru
#11 Posted : Friday, October 21, 2011 2:18:31 PM
Rank: Veteran

Joined: 10/25/2007
Posts: 1,574
Access Kenya is an ISP. Seven Seas is an enterprise level IT services company. If I were Safaricom, I'd buy Seven Seas FIRST.
Set out to correct the world's wrongs and you will most certainly wind up adding to them.
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2012
#12 Posted : Friday, October 21, 2011 2:27:14 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
youcan'tstopusnow wrote:
M-Pesa now processes more transactions domestically within Kenya than Western Union does globally.
This from Aly Khan Satchu


Please note that processing doesn't mean more profits. The difference is in the value of transaction and charges.

BBI will solve it :)
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JabaBoeku
#13 Posted : Friday, October 21, 2011 2:32:06 PM
Rank: Member

Joined: 4/28/2008
Posts: 53
2012 wrote:
youcan'tstopusnow wrote:
M-Pesa now processes more transactions domestically within Kenya than Western Union does globally.
This from Aly Khan Satchu


Please note that processing doesn't mean more profits. The difference is in the value of transaction and charges.


Indeed!

It would be better if such statistics were provided by an independent party; so that we can remove sensationalism, bias, media-interference & be able to compare apples to apples.

Can't we have figures?
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mlennyma
#14 Posted : Friday, October 21, 2011 3:12:46 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Another 244m turnover!say what you say but this counter has potential.
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#15 Posted : Friday, October 21, 2011 3:44:21 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
Another 244m turnover!say what you say but this counter has potential.

I'm still trying to judge the volume moves on this counter. Since August a lot of volume is turning here... Very crypt, but I think another supply test is in the making to confirm 2.90 is a solid floor or down to 2.50 to 2/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Thiong'o
#16 Posted : Monday, October 24, 2011 10:07:12 AM
Rank: Member

Joined: 10/14/2011
Posts: 661
@ FUNKY

Same infor. content..

http://www.theeastafrica...2/-/poqmju/-/index.html

According to this article there seems to be many suitors courting AccessKenya,and in the writers opinion;

“For investors, -this might be a good time to buy the ISP’s shares trading at the NSE”.

“Access Kenya’s shares, which are trading at US cents 5 — down 63 per cent since the beginning of the year — offer an opportunity for a speculative buy, the stock is a speculative buy.
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Barrywhite
#17 Posted : Monday, October 24, 2011 3:33:45 PM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
Hey guys, Safaricom transacting more cash that Western Union happened way back in Dec last year, and was first announced by World Bank as they appointed MJ to be the Mobile Money transfer Fellow - or something like that.
The laudable is more often than not rendered laughable by overclaim
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anika66
#18 Posted : Monday, October 24, 2011 5:44:16 PM
Rank: Member

Joined: 2/25/2010
Posts: 158
muganda wrote:
Ladies and Gents, doesn't the QUESTION still beg, what is a better acquisition target?

The story by Mark Okuttah reveals a lot about Seven Seas Tech. It seems to be a public relations gaffe, in SST's favour - author writes frequently about Telecom, so he is not naive, paid perhaps but not naive.




I think there is confusion here. I read the article by Okuttah Mark in DN and it says that Safcom Board has not yet okeyed the acquisition. Instead, the two companies (SST and Safcom) are to form a partnership that will last until 2013 after which SAFCOM can excercise the option to buy a controlling stake in the SST. I think this is a smart move by SAFCOM as it wants to 'see how things work out' before taking the pludge with this new age company. The article also says that SST specialises in cloud computing which may be the reason why SAFCOM is targeting it for acquisition. I think we have smart people in SAFCOM and our interests as shareholders are being taken care of, lets stop being suspicious. I just love SAFCOM
Keeping it all in the family
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JBlaze
#19 Posted : Friday, October 28, 2011 11:28:57 PM
Rank: Member

Joined: 7/15/2009
Posts: 16

Safaricom has secured a contract to store government electronic materials.
The mobile telephony firm will store State documents such as birth certificates, land registration certificates, company registers and court papers in a deal that will earn it millions of shillings annually, and open the way for it to tap the lucrative private sector storage market

The deal has been made possible through a Sh2 billion joint venture between Safaricom and IT services firm Seven Seas Technology (SST).




http://www.businessdaily.../-/fuwqibz/-/index.html


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mlennyma
#20 Posted : Saturday, October 29, 2011 9:48:45 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Fortunately safcom beat K.D.N hands down as both struggled to outweigh each other in winning the fat tender...buy buy
"Don't let the fear of losing be greater than the excitement of winning."
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