[kictanet] Kibaki, Raila meddling stalls CCK actions

[McTim]

On Wed, Aug 29, 2012 at 10:54 AM, Kivuva <Kivuva at transworldafrica.com>wrote:

>
>
> On 29 August 2012 16:13, Walubengo J <jwalu at yahoo.com> wrote:
>
>> @Edith,
>>
>> Ave been working on some academic model whose preliminary data seems to
>> support Mr. Presidents interventions  i.e. the Telco  market must project
>> significant Returns for the investor to continue playing.  Competition is
>> good but cut-throat competition leaves the industry (Operators, Govt and
>> Users) worse off than before.  Think about it - would you like FREE
>> internet that is so congested that you cannot send an email? Or would you
>> rather pay something extra for the reasonable use of the medium?
>>
>
> I beg to differ with you Walu. Safaricom has been making insane profits
> for the past ten years. INSANE profits at the expense of a consumer. You
> cannot make 10Billion profit in such a small market then start whining on
> how the market is tough and prices are depressed, and competition is high.
>


+1


>  Safaricom ended its 2012 financial year with a NET profit to *Sh12.63
> billion* . If that is not OBSCENELY SIGNIFICANT profit, what is?
>
> I read that the government doesn't want to loose the significant DIVIDENTS
> it gets from Safaricom that's why it's intervening through CCK.
>
> For Telkom Kenya, they have to be more innovative and receptive to change
> if they are to survive. Actually, the government should dispose the
> remaining 49% stake and stop wasting taxpayers money
> in bailing the organisation every fiscal year.
>


+2


-- 
Cheers,

McTim
"A name indicates what we seek. An address indicates where it is. A route
indicates how we get there."  Jon Postel
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