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2 Pages<12
Telkom and Airtel Kenya Merger?
maka
#21 Posted : Friday, February 08, 2019 1:49:48 PM
Rank: Elder


Joined: 4/22/2010
Posts: 10,961
Location: Nairobi
Telkom and Airtel have signed a binding agreement to operate under a joint venture company to be named Airtel-Telkom.
possunt quia posse videntur
Mastermind
#22 Posted : Friday, February 08, 2019 1:58:07 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,531
Location: Langley
maka wrote:
Telkom and Airtel have signed a binding agreement to operate under a joint venture company to be named Airtel-Telkom.


Airtel to own 51%, Telkom kenya to own 49%. Mugo to be chairman of the new entity, airtel ceo will be the ceo of the new entity.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
snifadog
#23 Posted : Friday, February 08, 2019 1:58:23 PM
Rank: Member


Joined: 6/6/2016
Posts: 110
Location: Nairobi
these 2 weaklings will still not stand a chance against mighty green monster
Ericsson
#24 Posted : Friday, February 08, 2019 2:00:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,375
Location: NAIROBI
snifadog wrote:
these 2 weaklings will still not stand a chance against mighty green monster


Exactly,this is a marriage of convenience and a way for Airtel to exit kenya secretly.
Mastermind
#25 Posted : Friday, February 08, 2019 2:09:41 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,531
Location: Langley
Ericsson wrote:
snifadog wrote:
these 2 weaklings will still not stand a chance against mighty green monster


Exactly,this is a marriage of convenience and a way for Airtel to exit kenya secretly.

Lets wait and see.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
snifadog
#26 Posted : Friday, February 08, 2019 2:36:48 PM
Rank: Member


Joined: 6/6/2016
Posts: 110
Location: Nairobi
Ericsson wrote:
snifadog wrote:
these 2 weaklings will still not stand a chance against mighty green monster


Exactly,this is a marriage of convenience and a way for Airtel to exit kenya secretly.


Airtel bought Tigo in Rwanda in order to compete with MTN Rwanda. Airtel is neither leaving nor staying
murchr
#27 Posted : Friday, February 08, 2019 5:43:29 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,275
This will just result to job losses here and there
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#28 Posted : Tuesday, February 12, 2019 7:47:35 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,375
Location: NAIROBI
murchr wrote:
This will just result to job losses here and there

Telkom kenya fiber will not be part of the deal
Angelica _ann
#29 Posted : Tuesday, February 12, 2019 8:05:06 AM
Rank: Elder


Joined: 12/7/2012
Posts: 10,252
Ericsson wrote:
murchr wrote:
This will just result to job losses here and there

Telkom kenya fiber will not be part of the deal


So how will this be run?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#30 Posted : Tuesday, February 12, 2019 9:18:36 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,375
Location: NAIROBI
Angelica _ann wrote:
Ericsson wrote:
murchr wrote:
This will just result to job losses here and there

Telkom kenya fiber will not be part of the deal


So how will this be run?


If airtel wants access to the fiber infrastructure there will be a small fee they pay.
The fiber business will remain under Telkom Kenya.
The mobile business will be under Airtel-Telkom company and telkom kenya will have upto 49% stake in it.
Ericsson
#31 Posted : Tuesday, March 05, 2019 6:18:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,375
Location: NAIROBI
https://www.businessdail...9174-e3xaw1z/index.html

A National Assembly committee has raised the red flag on the proposed merger between Airtel and Telkom Kenya, saying there are outstanding issues in the deal that should be addressed before it is given the seal of approval.

The two telcos have signed an agreement to merge their businesses and operate as Airtel-Telkom, but the Committee on Implementation claims the deal has all the hallmarks of a scandal where private individuals are buying off a public entity through the backdoor for a song.

The committee has thus invited the relevant government agencies to appear before it to shed light on details of the merger that industry players say is aimed at taking on the dominant industry player, Safaricom
Of particular interest to the House team, which is chaired by Narok North MP Moitalel ole Kenta, is the 2014 Special Report of Public Investment Committee (PIC) on the privatisation, recapitalisation and restructuring Telkom Kenya’s balance sheet which was adopted by parliament in 2015. The committee is charged with the responsibility of the ensuring that all the resolutions of the House are implemented.

Among the agencies that will appear before the committee include the National Treasury, Ethics and Anti-Corruption Commission Headquarters (EACC), State Law office, Telkom Kenya, Communications Authority of Kenya (CA) and the Ministry of ICT.

On Monday, Nominated MP Godfrey Osotsi, who is the vice- chair of the committee, confirmed that the report had been tabled to the committee for consideration following reports of a looming merger.

“We are handling the matter. We have invited all those mentioned in the report and the implementing agencies to establish the status of the implementation of the report. We want to know from these agencies why the report has never been implemented,” Mr Osotsi said.

In the restructuring, carried out in December 2007, France Telecom (now Orange S.A.) bought a 51 percent stake in Telkom Kenya at a cost of Sh26 billion but PIC dismissed the deal as akin to share- fixing arising from the fact that the Government only got Sh2.5 billion of the required Sh4.9 billion.
obiero
#32 Posted : Tuesday, March 05, 2019 6:41:24 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,181
Location: nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/red-flag-over-Airtel-Telkom-merger/4003102-5009174-e3xaw1z/index.html

A National Assembly committee has raised the red flag on the proposed merger between Airtel and Telkom Kenya, saying there are outstanding issues in the deal that should be addressed before it is given the seal of approval.

The two telcos have signed an agreement to merge their businesses and operate as Airtel-Telkom, but the Committee on Implementation claims the deal has all the hallmarks of a scandal where private individuals are buying off a public entity through the backdoor for a song.

The committee has thus invited the relevant government agencies to appear before it to shed light on details of the merger that industry players say is aimed at taking on the dominant industry player, Safaricom
Of particular interest to the House team, which is chaired by Narok North MP Moitalel ole Kenta, is the 2014 Special Report of Public Investment Committee (PIC) on the privatisation, recapitalisation and restructuring Telkom Kenya’s balance sheet which was adopted by parliament in 2015. The committee is charged with the responsibility of the ensuring that all the resolutions of the House are implemented.

Among the agencies that will appear before the committee include the National Treasury, Ethics and Anti-Corruption Commission Headquarters (EACC), State Law office, Telkom Kenya, Communications Authority of Kenya (CA) and the Ministry of ICT.

On Monday, Nominated MP Godfrey Osotsi, who is the vice- chair of the committee, confirmed that the report had been tabled to the committee for consideration following reports of a looming merger.

“We are handling the matter. We have invited all those mentioned in the report and the implementing agencies to establish the status of the implementation of the report. We want to know from these agencies why the report has never been implemented,” Mr Osotsi said.

In the restructuring, carried out in December 2007, France Telecom (now Orange S.A.) bought a 51 percent stake in Telkom Kenya at a cost of Sh26 billion but PIC dismissed the deal as akin to share- fixing arising from the fact that the Government only got Sh2.5 billion of the required Sh4.9 billion.

Investors of FDI type will have very little interest in Kenya going by recent events
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