[kictanet] Is the Telco/ISP sector manifesting Utility type symptoms?

[Mark Mwangi]

They should sell to wananchi group. More capacity for the home users.

On Tue, Oct 2, 2012 at 6:18 PM, Ali Hussein <ali at hussein.me.ke> wrote:

> Listers
>
> This story got me thinking...
>
> KDN plans sale of stake to recover from losses
> By OKUTTAH MARK
> *
> *
> *Posted  Monday, October 1  2012 at  20:19*
>
> IN SUMMARY
>
>    - Altech of South Africa, which owns 60.8 per cent stake, says it
>    needs new capital to shore up its Kenyan business that is facing stiff
>    competition from rivals Wananchi Telecoms, AccessKenya and Telkom Kenya.
>    - The Kenyan unit has been in losses mainly due to the loss of big
>    contracts including the multi-million shilling contract with Safaricom last
>    year — a move that has seen KDN along with Altech’s West Africa operations
>    hit earnings of the parent company.
>    - Altech has blamed its poor performance on its East African and West
>    African units, which it has placed on auction block. It has inked an
>    agreement to sell 75 per cent of its interest in Altech West Africa.
>
> Telecoms infrastructure firm Kenya Data Networks (KDN) will sell a
> significant stake to a strategic investor in December to inject cash and
> help it recover from losses.
>
> http://www.businessdailyafrica.com/Corporate+News/KDN+plans+sale+of+stake+to+recover+from+losses/-/539550/1522572/-/ohrlxk/-/index.html
>
> Regards
>
> Ali Hussein
>
> +254 773/713 601113
>
> Sent from my iPad
>
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-- 
Regards,

Mark Mwangi

markmwangi.me.ke
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