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What will be the new name of Zain.
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BGL
#1 Posted : Wednesday, March 24, 2010 5:59:26 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
According to Reuters: Bharti, 32-percent owned by Singapore Telecommunications, would pay a total of $9 billion in cash to Zain, including $700 million to be paid one year after the deal closes. The Indian firm will also assume $1.7 billion debt on the target firm's books. So, initially it was Kencell then Celtel and before we got used to it Zain now .............fill in the gap. May be another name in 3 or 5 years. No wonder these guys can never compete with safaricom for one simple reason..CONSISTENCY. With every change comes re-branding which is quite expensive and its not a surprise that these guys are the biggest spenders in advertisements.
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Jaguar
#2 Posted : Thursday, March 25, 2010 6:27:42 AM
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Joined: 6/7/2007
Posts: 263
Location: humu humu
Maybe they should re-brand 14 operations in africa to AIRTEL and leave the kenyan operation name intact smile
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ProverB
#3 Posted : Thursday, March 25, 2010 6:50:07 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
BGL wrote:
According to Reuters: Bharti, 32-percent owned by Singapore Telecommunications, would pay a total of $9 billion in cash to Zain, including $700 million to be paid one year after the deal closes. The Indian firm will also assume $1.7 billion debt on the target firm's books. So, initially it was Kencell then Celtel and before we got used to it Zain now .............fill in the gap. May be another name in 3 or 5 years. No wonder these guys can never compete with safaricom for one simple reason..CONSISTENCY. With every change comes re-branding which is quite expensive and its not a surprise that these guys are the biggest spenders in advertisements.
Probably ZunMan!!"Zain Under New Management"Drool ama just Zain with EnzyMax.. ama Zain with Hindimax!Laughing out loudly Laughing out loudly Laughing out loudly
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16 - 1769 Oxford King James Bible 'Authorized Version
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Jaguar
#4 Posted : Thursday, March 25, 2010 7:41:40 AM
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Location: humu humu
-for sale network -makmende
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Gatheuzi
#5 Posted : Thursday, March 25, 2010 3:06:57 PM
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Joined: 8/16/2009
Posts: 994
In Africa only Morocco and Sudan will be left out of the purchase. They have indicated that if they can pay $9bn, then rebranding is a small cake. Futhermore if they continue to use the name Zain in addition to promoting someone else's brand they will have to pay royalties.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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owenkyima
#6 Posted : Monday, March 29, 2010 7:01:49 AM
Rank: New-farer

Joined: 1/21/2010
Posts: 11
Location: Africa
Zain's run out of oil money? Why did they pull out? and dont give me that jazz about consolidating operations in their more profitable markets as its been sung time and again how africa's mobile telecom industry is a hot cake. Why are they pulling out if Africa telecom market's growth potential in unrivalled? Have they seen something about the future african market they are not telling?
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willin2learn
#7 Posted : Monday, March 29, 2010 2:12:59 PM
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Joined: 2/12/2008
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Pain..A wonder full o' wilds
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muganda
#8 Posted : Thursday, April 01, 2010 7:38:25 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Zain Full-Year 2009 Net Income Declines 39% to $675 Million The company’s customer base increased 14 percent to 72.5 million. Consolidated revenue for its companies in the Middle East and Africa rose 15.7 percent What a start for Bharti! I've checked annual results for Zain for a couple of years. They started making a habit of accepting loss making OpCos. First it was only 1/2 in Africa in 2007, then they increased to like 5/6, don't know how many made Opcos made profit this year - perhaps the only ones they retained. http://www.businessweek....s-39-to-675-million.html
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Wa_ithaka
#9 Posted : Thursday, April 01, 2010 9:09:42 AM
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Joined: 1/7/2010
Posts: 1,279
Location: nbi
New name will be Butt sorry Bharti
The Governor of Nyeri - 2017
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youcan'tstopusnow
#10 Posted : Friday, April 02, 2010 9:49:26 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Yo are right Gatheuzi. In Africa only Morocco and Sudan will be left out of the purchase. Isn't this suspect. Zain are withdrawing from Black Markets (I mean in terms of race.) Morocco and Sudan are clearly not the most promising countries for telecommunication companies. They have no greater potential than lets say Kenya. They have only been spared because they are Arab nations. It clear and plain to see that this is blunt racism.
GOD BLESS YOUR LIFE
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