Just bail out the damn thing atleast its providing jobs

???

A landline is useful if you are receiving calls from overseas. They can call for cheaper using their calling cards. Rates for mobile are still higher (amazing isn't it?).

However, mine doesn't even have a dialling tone. If they want to disconnect they are free to do so, I will never settle their bill!

This business is not a going concern.

As long as the business does not cover its costs, 5 years down the line - how will a bailout help? Next year, it will also need a bailout. Sometimes its good to know when to throw the towel in!

For management, they are better off trying to reduce their costs. Or generate money in other ways, e.g. sell of some of the non-critical assets - e.g. buildings.

NB: I think FT has less to lose than GoK if the company goes down. Over the 5 years, it must have raked in close to 20bn in interest payments over the "shareholder" loans. I would say their interest in TKL is only as a bank - they are not interested in making the company stay afloat, or making it into a profitable venture. Their investment is not going to pay off even after 5 years - why stay?

The argument of TKL giving jobs - while true, providing jobs comes at a cost. The cost for the shareholder in this case is just too high.

I still wonder why people consider having a fixed line necessary. It all depends on what is hooked up to the PABX. If i was starting an office, it would have wireless modems plugged in to the PABX, rather than the messy service called "fixed line". Also note that Safaricom/Airtel can also provide hosted PABX and E1 solutions - you dont need a fixed line.

When we bailed it out the first time, and the second time, you told me the same thing. It will have a better business plan and I will recover my billions.

Now you want it to be bailed out a third time? In 5 years?

Yes, I believe you today. I also believe in the Seven Dwarves.