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4 Pages<1234>
Telkom and Airtel Kenya Merger?
Ericsson
#41 Posted : Monday, August 05, 2019 12:51:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
kawi254 wrote:
Ericsson wrote:
maka wrote:
chiaroscuro wrote:
Easy mathematics here:

when you add a negative number to another negative number, the result is a number that is more negative than the original two numbers!

Same goes for bad ideas - two bad ideas mixed together will produce a idea that is worse than the original two.

Wait and see...


Laughing out loudly Laughing out loudly Laughing out loudly


Waiting to load more safaricom shares when it goes ex dividend in september.


The Helios guys are Venture capitalists...they were never in Telkom to grow it to compete with Safaricom.
Which unfortunately doesn't work in the telco space in Africa.

After this merger GoK will lose more shareholding even after GoK lost shareholding with the Orange-Telkom merger.

They retain control of the infrastructure assets like the fiber network.
watesh
#42 Posted : Monday, August 05, 2019 9:20:19 PM
Rank: Member


Joined: 8/10/2014
Posts: 760
Location: Kenya
Ericsson wrote:
maka wrote:
chiaroscuro wrote:
Easy mathematics here:

when you add a negative number to another negative number, the result is a number that is more negative than the original two numbers!

Same goes for bad ideas - two bad ideas mixed together will produce a idea that is worse than the original two.

Wait and see...


Laughing out loudly Laughing out loudly Laughing out loudly


Waiting to load more safaricom shares when it goes ex dividend in september.

Same here...I am currently building a cash position just for this.
Mastermind
#43 Posted : Friday, August 09, 2019 4:05:20 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,618
Location: Langley
The merger between Airtel Kenya and Telkom Kenya has run into headwinds after a group of former employees asked the Communications Authority of Kenya (CA) to block it.

With less than a week to go, 52 ex-workers of Airtel Kenya have written to the regulator asking it to stop the consolidation process until their grievances are settled.
The former workers have a pending case in court in which they are demanding Sh1 billion from Airtel for unfair termination.

www.standardmedia.co.ke/...rger-runs-into-headwinds
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.
Ericsson
#44 Posted : Friday, August 09, 2019 4:47:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Mastermind wrote:
The merger between Airtel Kenya and Telkom Kenya has run into headwinds after a group of former employees asked the Communications Authority of Kenya (CA) to block it.

With less than a week to go, 52 ex-workers of Airtel Kenya have written to the regulator asking it to stop the consolidation process until their grievances are settled.
The former workers have a pending case in court in which they are demanding Sh1 billion from Airtel for unfair termination.

www.standardmedia.co.ke/...rger-runs-into-headwinds


Woii
NewMoney
#45 Posted : Friday, August 09, 2019 6:26:24 PM
Rank: Member


Joined: 3/1/2019
Posts: 108
Location: Nairobi
watesh wrote:
Ericsson wrote:
maka wrote:
chiaroscuro wrote:
Easy mathematics here:

when you add a negative number to another negative number, the result is a number that is more negative than the original two numbers!

Same goes for bad ideas - two bad ideas mixed together will produce a idea that is worse than the original two.

Wait and see...


Laughing out loudly Laughing out loudly Laughing out loudly


Waiting to load more safaricom shares when it goes ex dividend in september.

Same here...I am currently building a cash position just for this.


Is n't better to buy now? once the book closure date is announced, the price will go up, then sell just before that date, and buy again after the slight drop that comes after or just keep the dividends
Ericsson
#46 Posted : Friday, August 09, 2019 10:50:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
The merger is bad for the telco industry in Kenya
Mastermind
#47 Posted : Monday, August 12, 2019 6:28:09 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,618
Location: Langley
Ericsson wrote:
The merger is bad for the telco industry in Kenya

Why do you say so?
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.
Ericsson
#48 Posted : Monday, August 12, 2019 8:41:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Mastermind wrote:
Ericsson wrote:
The merger is bad for the telco industry in Kenya

Why do you say so?


Negative plus negative number equals bigger negative.
Safaricom will entrench itself further as a monopoly
Mastermind
#49 Posted : Monday, August 12, 2019 9:42:02 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,618
Location: Langley
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
The merger is bad for the telco industry in Kenya

Why do you say so?


Negative plus negative number equals bigger negative.
Safaricom will entrench itself further as a monopoly

The negative in Airtel is a lie. Ask those who have worked there how they do it. Negative iko Telkom tu.
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.
Ericsson
#50 Posted : Tuesday, August 13, 2019 5:51:16 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
The merger is bad for the telco industry in Kenya

Why do you say so?


Negative plus negative number equals bigger negative.
Safaricom will entrench itself further as a monopoly

The negative in Airtel is a lie. Ask those who have worked there how they do it. Negative iko Telkom tu.


Wait and see
Mastermind
#51 Posted : Wednesday, August 14, 2019 11:32:16 AM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,618
Location: Langley
Things are thick https://www.standardmedi...-deal-by-two-telco-firms
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.
chiaroscuro
#52 Posted : Wednesday, August 14, 2019 12:53:27 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,110
Location: Nairobi
Mastermind wrote:
Ericsson wrote:
Mastermind wrote:
Ericsson wrote:
The merger is bad for the telco industry in Kenya

Why do you say so?


Negative plus negative number equals bigger negative.
Safaricom will entrench itself further as a monopoly

The negative in Airtel is a lie. Ask those who have worked there how they do it. Negative iko Telkom tu.


Obviously, it appears that you have asked the employees, so tell us: how do they do it?

From available audited reports, this outfit has never ever returned a profit in any one single year since inception as Kencell. Accumulated losses over the years are now approaching Sh100bn. It survives on cash handouts from the majority shareholders.

Nevertheless, its has made billions of shillings to former investors every time it changes ownership.....starting with Vivendi who sold to Meralli who sold to Celtell etc In each transaction, the exiting investor make a kill.

It is the classic demonstration of the bigger fool economic theory.

I suspect that Bharti Airtel have been unable to find a bigger fool than themselves and are now trying to offload some of the rotten tomatoes to the fellows who bought the rotten bananas called Telkom.

murchr
#53 Posted : Wednesday, August 14, 2019 6:05:39 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,983
"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
#54 Posted : Thursday, August 15, 2019 10:41:19 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
https://www.businessdail...6130-4lhb6dz/index.html

Telkom Kenya has put on sale Sh3.87 billion properties spread across the country as it seeks to raise cash for contribution to its upcoming merger with Airtel.

The telecommunications firm has hired property dealing firm, Axis Real Estate, to dispose of the prime assets sitting on about 17.8 acres of land.

Telkom said Wednesday it has requested its shareholders’ approval to raise the cash -- including through sale of its prime property -- to meet its part of the merger deal.

“Under the transaction, Telkom is required to contribute funds in cash to the combined entity. Both entities in the transaction will contribute cash, for purposes of the transition and the integration of systems and network elements,” Telkom said in a response to Business Daily queries.

The telco did not disclose the amount it is required to contribute, but said it has put all the 32 properties on sale to ensure it raises the money on time.
The property disposal is intended to preclude the option of a bank loan to fund the merger.

“The intention will be to market a list of properties, with the prospect of selling a number that will enable the business raise just the amount of funds required,” said Telkom.

Out of the 32 properties on sale, only six are empty plots while the rest are developed as commercial buildings and telephone exchanges.

Biggest property owner

Telkom Kenya, which is 40 percent owned by the Treasury and 60 percent controlled by private equity group Helios, is one of Kenya’s biggest property owners given its legacy as a State corporation.

Three of the properties, in Ruaraka, Muthangari and Lang’ata, are freehold while the rest are leases from the government and counties but owned by Telkom.

The leasehold properties include those in Bungoma, Embu, Kirinyaga, Kiambu, Kisii, Meru, Murang’a and Kajiado counties while in Mombasa the Makupa Exchange’s lease is held by Yusufali Jiwaji.

On February 8, 2019 Telkom and Airtel announced the signing of a binding agreement to merge their respective mobile, enterprise and carrier services businesses in Kenya into Airtel (to be renamed Airtel-Telkom).

Both companies have been disposing of assets in recent years to keep their businesses afloat, as stiff competition from market leader Safaricom has kept them unprofitable.

Last year, Telkom Kenya sold its 723 masts for Sh17.16 billion to American Tower Company (ATC), according to fillings at the US Securities and Exchange Commission.
Wororo
#55 Posted : Friday, August 16, 2019 5:15:19 PM
Rank: Member


Joined: 1/30/2011
Posts: 206
Airtel to upgrade its mobile money services...

Link

Ericsson
#56 Posted : Tuesday, August 27, 2019 9:29:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Ericsson
#57 Posted : Tuesday, September 03, 2019 5:00:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
https://www.businessdail...9054-lrqwwez/index.html

Telkom-Kenya Managing Director Mugo Kibati is reading malice in the objection filed by Safaricom over its planned merger with Airtel.

Mr Kibati said delay of the deal will hit workers who are expected to switch over through a recruitment process under the merged entity and risks entrenching Safaricom as a dominant player.

The company issued a one-month notice of redundancy, with effect from July 31, 2019, to its employees, informing them of the intention to terminate the employment as a result of the transaction.

They said that subsequently, the intention is to advertise and interview Telkom employees for positions in the combined entity and its outsourced partners.

“We have no quarrel at all with our colleagues at Safaricom, we are simply trying to restructure and improve our own business and for the good of the industry.
Ericsson
#58 Posted : Tuesday, September 03, 2019 9:56:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Telkom kenya ceo Mugo Kibati now says conclusion of merger with Airtel is uncertain on when it will be finalized
Ericsson
#59 Posted : Wednesday, September 04, 2019 9:27:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,719
Location: NAIROBI
Safaricom acting CEO Michael Joseph wants Telkom Kenya and Airtel to pay a Sh1.2 billion debt before the two companies are allowed to merge.

Mr Joseph said that since Airtel explicitly said it will not take up Telkom’s liabilities it will be difficult to chase those debts after the merger.
In a letter to the Communications Authority of Kenya (CA), Safaricom said Telkom owes Safaricom Sh906.6 million while Airtel has a Sh390.7 million debt for interconnection, co-location and fibre services.

“We request the Authority’s intervention in ensuring that all the outstanding debts owed to us in relation to the said services are paid in full as a prerequisite for the approval of this transaction,” Mr Joseph said.

Safaricom also raised issues with spectrum stating that Telkom and Airtel’s combined entity will hold a bandwidth of 77.5 percent for its 17. 3 million subscribers while Safaricom will have 57.5 percent spectrum for its 31.8 million subscribers.
Safaricom said that in 2016 it agreed to a CA deal which denied it additional capacity in spectrum to allow for competition and that the imbalance should be addressed before the merger. It added that for a long time it has also carried additional costs due to its leading position in rolling out network and paying for licences which should now end since Telkom and Airtel are now a major player.

https://www.businessdail...59054-lrqwwez/index.html
watesh
#60 Posted : Wednesday, September 04, 2019 9:47:00 AM
Rank: Member


Joined: 8/10/2014
Posts: 760
Location: Kenya
[quote=Ericsson]Safaricom acting CEO Michael Joseph wants Telkom Kenya and Airtel to pay a Sh1.2 billion debt before the two companies are allowed to merge.

Mr Joseph said that since Airtel explicitly said it will not take up Telkom’s liabilities it will be difficult to chase those debts after the merger.
In a letter to the Communications Authority of Kenya (CA), Safaricom said Telkom owes Safaricom Sh906.6 million while Airtel has a Sh390.7 million debt for interconnection, co-location and fibre services.

“We request the Authority’s intervention in ensuring that all the outstanding debts owed to us in relation to the said services are paid in full as a prerequisite for the approval of this transaction,” Mr Joseph said.

Safaricom also raised issues with spectrum stating that Telkom and Airtel’s combined entity will hold a bandwidth of 77.5 percent for its 17. 3 million subscribers while Safaricom will have 57.5 percent spectrum for its 31.8 million subscribers.
Safaricom said that in 2016 it agreed to a CA deal which denied it additional capacity in spectrum to allow for competition and that the imbalance should be addressed before the merger. It added that for a long time it has also carried additional costs due to its leading position in rolling out network and paying for licences which should now end since Telkom and Airtel are now a major player.

https://www.businessdail...9054-lrqwwez/index.html[/quote]
He does have a point on all those things. These guys were about to try and duck Ksh1.2 billion debt .
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