[kictanet] Orange Now Wants GoK to Pay It US$385m, the Price it Paid for Telkom Kenya

[Joseph Manthi]

Shem:
Is Orange going to return all the shares of Telekom that currently own to
the GoK?

If so, I would urge the GoK to accept the company back and then proceed to
sell it other interestedparties.

Joe

C: 847-873-5707
F: 315-320-2920


On Sat, May 1, 2010 at 9:52 AM, Shem Ochuodho <shemochuodho at yahoo.com>wrote:

>   Privatization of Telecom Services is Africa is litred with many
> failures, and sometimes, horror stories. In Tanzania, Celtel pulled out of
> TTCL after acquring a substantial stake (30%?). In Rwanda, Rwandatel had
> first to be re-possessed before finally being re-privatized - after initial
> investor failed to bring in the promised technology and capital. In Zambia,
> I understand (yet to confirm) that the 'strategic partner' even cannibalized
> vital elements of the core network already in place.
>
> I have always had reservation on privatization of strategic
> infrastructure state corporations, as I did with Telkom Kenya. While Ghana
> Telecom attracted US$ 900 million for 70% stake (itself a matter contested
> by the then opposition - now Govt), TKL attracted a paltry US$ 300 million
> for 51%! With simple Arithmetic, one should see why TKL ought to have
> fetched better - assuming they were at per with GhanaTel. Intuitively, TKL
> should have been a superioir enterprise! Sadly, now Orange even wants GoK to
> refund $385m; if that was to happen, essentially TKL would have been sold
> for nothing - yes, absolutely ZERO! Yet what did we see for it: the sending
> home of 19,000 strong workforce with 'death-shakes' (not hand-shakes)!
>
> What is going on here? Read further:-
> http://www.nation.co.ke/magazines/smartcompany/Lights%20dim%20on%20listing%20as%20Telkom%20misses%20targets%20/-/1226/906392/-/3urxv8/-/index.html
> .
>
> Warm rgrds,
> Shem
>
> Shem J. Ochuodho, MSc (Eng), PhD, LLD (Hon)
> Senior Advisor
> Ministry of Telecom & Postal Services
> Government of Southern Sudan (GoSS), Juba
> Kenya Community Abroad (KCA) 2007 Excellence Award Winner
> AfricaOnline 2005 Industry Pioneer Award Recipient
> Father of Internet in Kenya (CSK 2000)
> Cell: +249-955-021-040/+256-477-232025/+254-734-137371
> Skype: shem.ochuodho
>
>
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