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Safaricom 2019/2020
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Ericsson
#191 Posted : Monday, November 18, 2019 10:55:49 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Joint bid confirmed. Michael Joseph said during release of HY results in November 1 that in 2 weeks time they will be submitting bidding documents https://www.businessdail...352384-nis33e/index.html Safaricom has been forced into a joint bid for one of two Ethiopian telecoms licences next year due to the high entry costs that are expected to breach the Sh100 billion mark. The Nairobi Securities Exchange-listed firm said that it will bid in partnership with South Africa’s Vodacom, which owns a 35 percent stake in Safaricom. Acting Safaricom CEO Michael Joseph said that the high entry costs had prompted the joint bid as it seeks to replicate its Kenyan success in the neighbouring country. Shareholders prepare for reduced dividend payouts
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shocks
#192 Posted : Monday, November 18, 2019 8:22:55 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
Ericsson wrote:
Joint bid confirmed. Michael Joseph said during release of HY results in November 1 that in 2 weeks time they will be submitting bidding documents https://www.businessdail...352384-nis33e/index.html Safaricom has been forced into a joint bid for one of two Ethiopian telecoms licences next year due to the high entry costs that are expected to breach the Sh100 billion mark. The Nairobi Securities Exchange-listed firm said that it will bid in partnership with South Africa’s Vodacom, which owns a 35 percent stake in Safaricom. Acting Safaricom CEO Michael Joseph said that the high entry costs had prompted the joint bid as it seeks to replicate its Kenyan success in the neighbouring country. Shareholders prepare for reduced dividend payouts
Any ideas on who else has bid, of course other than mtn
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kawi254
#193 Posted : Monday, November 18, 2019 8:44:11 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
shocks wrote:
Ericsson wrote:
Joint bid confirmed. Michael Joseph said during release of HY results in November 1 that in 2 weeks time they will be submitting bidding documents https://www.businessdail...352384-nis33e/index.html Safaricom has been forced into a joint bid for one of two Ethiopian telecoms licences next year due to the high entry costs that are expected to breach the Sh100 billion mark. The Nairobi Securities Exchange-listed firm said that it will bid in partnership with South Africa’s Vodacom, which owns a 35 percent stake in Safaricom. Acting Safaricom CEO Michael Joseph said that the high entry costs had prompted the joint bid as it seeks to replicate its Kenyan success in the neighbouring country. Shareholders prepare for reduced dividend payouts
Any ideas on who else has bid, of course other than mtn
Ethiopia has a not so unique developing country problem where you can make billions in Birr profit but you can't repatriate the dollars. Hope Safaricom is factoring in this risk in Their bid.
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Ericsson
#194 Posted : Monday, November 18, 2019 10:20:44 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
shocks wrote:
Ericsson wrote:
Joint bid confirmed. Michael Joseph said during release of HY results in November 1 that in 2 weeks time they will be submitting bidding documents https://www.businessdail...352384-nis33e/index.html Safaricom has been forced into a joint bid for one of two Ethiopian telecoms licences next year due to the high entry costs that are expected to breach the Sh100 billion mark. The Nairobi Securities Exchange-listed firm said that it will bid in partnership with South Africa’s Vodacom, which owns a 35 percent stake in Safaricom. Acting Safaricom CEO Michael Joseph said that the high entry costs had prompted the joint bid as it seeks to replicate its Kenyan success in the neighbouring country. Shareholders prepare for reduced dividend payouts
Any ideas on who else has bid, of course other than mtn
Orange Not sure about Etisalat
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Tuesday, November 19, 2019 6:25 AM | Reason: Not specified
Ericsson
#195 Posted : Tuesday, November 19, 2019 11:13:29 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
kawi254 wrote:
shocks wrote:
Ericsson wrote:
Joint bid confirmed. Michael Joseph said during release of HY results in November 1 that in 2 weeks time they will be submitting bidding documents https://www.businessdail...352384-nis33e/index.html Safaricom has been forced into a joint bid for one of two Ethiopian telecoms licences next year due to the high entry costs that are expected to breach the Sh100 billion mark. The Nairobi Securities Exchange-listed firm said that it will bid in partnership with South Africa’s Vodacom, which owns a 35 percent stake in Safaricom. Acting Safaricom CEO Michael Joseph said that the high entry costs had prompted the joint bid as it seeks to replicate its Kenyan success in the neighbouring country. Shareholders prepare for reduced dividend payouts
Any ideas on who else has bid, of course other than mtn
Ethiopia has a not so unique developing country problem where you can make billions in Birr profit but you can't repatriate the dollars. Hope Safaricom is factoring in this risk in Their bid.
The license fee will be paid in dollars which will help the public finances. Then there will be the rollout of the network which will help in bringing in FDI. The next step after opening up of the telecoms sector will be financial sector so as to attract dollar inflows.
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Ericsson
#196 Posted : Tuesday, November 19, 2019 12:04:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
shocks wrote:
Ericsson wrote:
Joint bid confirmed. Michael Joseph said during release of HY results in November 1 that in 2 weeks time they will be submitting bidding documents https://www.businessdail...352384-nis33e/index.html Safaricom has been forced into a joint bid for one of two Ethiopian telecoms licences next year due to the high entry costs that are expected to breach the Sh100 billion mark. The Nairobi Securities Exchange-listed firm said that it will bid in partnership with South Africa’s Vodacom, which owns a 35 percent stake in Safaricom. Acting Safaricom CEO Michael Joseph said that the high entry costs had prompted the joint bid as it seeks to replicate its Kenyan success in the neighbouring country. Shareholders prepare for reduced dividend payouts
Any ideas on who else has bid, of course other than mtn
MTN's bid is unknown
Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson
#197 Posted : Saturday, November 23, 2019 9:43:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Safaricom to reduce its dividend payout ratio to secure firepower/funds it needs for regional expansion and upgrade networks
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young
#198 Posted : Saturday, November 23, 2019 10:21:30 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Ericsson wrote:
Safaricom to reduce its dividend payout ratio to secure firepower/funds it needs for regional expansion and upgrade networks
Please provide link if you have ? Or is it your own perception ? Greetings the great @Ericsson.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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FUNKY
#199 Posted : Saturday, November 23, 2019 11:09:38 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
young wrote:
Ericsson wrote:
Safaricom to reduce its dividend payout ratio to secure firepower/funds it needs for regional expansion and upgrade networks
Please provide link if you have ? Or is it your own perception ? Greetings the great @Ericsson.
Maybe no more special dividends but normal dividend pay out ratio should remain the same
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Ericsson
#200 Posted : Sunday, November 24, 2019 9:40:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
FUNKY wrote:
young wrote:
Ericsson wrote:
Safaricom to reduce its dividend payout ratio to secure firepower/funds it needs for regional expansion and upgrade networks
Please provide link if you have ? Or is it your own perception ? Greetings the great @Ericsson.
Maybe no more special dividends but normal dividend pay out ratio should remain the same
Correct
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