[kictanet] kictanet Digest, Vol 73, Issue 16

Ali Hussein ali at hussein.me.ke
Wed Jun 5 10:40:38 EAT 2013


Robert

There are unique Private Equity Funds that would probably buy. They are called Vulture Funds. 

Ali Hussein
CEO | 3mice interactive media Ltd
Principal | Telemedia Africa Ltd

+254 713 601113

"The future belongs to him who knows how to wait." - Russian Proverb

Sent from my iPad

On Jun 5, 2013, at 10:21 AM, robert yawe <robertyawe at yahoo.co.uk> wrote:

> Onchari,
> 
> Would you buy shares of Telkom if they were offered to you?
> 
> The NSE is not a dumping ground for non-performing companies.
> 
> Regards
> 
>  
> Robert Yawe
> KAY System Technologies Ltd
> Phoenix House, 6th Floor
> P O Box 55806 Nairobi, 00200
> Kenya
> 
> Tel: +254722511225, +254202010696
> From: Edwin Onchari <eonchari at lynxbits.com>
> To: robertyawe at yahoo.co.uk 
> Cc: KICTAnet ICT Policy Discussions <kictanet at lists.kictanet.or.ke> 
> Sent: Tuesday, 4 June 2013, 20:59
> Subject: [kictanet] kictanet Digest, Vol 73, Issue 16
> 
> Telkom Kenya and France should relinquish their shareholding to less than
> 30%, and allow private equity (through NSE listing) to own the remaining 70%
> and get a competent team to run the corporation. Makes no sense why the
> organization is making losses with the sort of infrastructure and asset base
> it enjoys. Staff within the organization are both demoralized and lack
> requisite skills to turn this elephant to profitability.
> 
> Edwin
> 
> 
> -----Original Message-----
> From: kictanet
> [mailto:kictanet-bounces+eonchari=lynxbits.com at lists.kictanet.or.ke] On
> Behalf Of kictanet-request at lists.kictanet.or.ke
> Sent: Tuesday, June 04, 2013 8:10 PM
> To: Edwin
> Subject: kictanet Digest, Vol 73, Issue 16
> 
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> Today's Topics:
> 
>   1. Re: Is Telkom Kenya insolvent and should the Government bail
>       it out? Again? (Barrack Otieno)
>   2. Re: Is Telkom Kenya insolvent and should the Government    bail
>       it out? Again? (Ali Hussein)
> 
> 
> ----------------------------------------------------------------------
> 
> Message: 1
> Date: Tue, 4 Jun 2013 19:04:23 +0300
> From: Barrack Otieno <otieno.barrack at gmail.com>
> To: Phares Kariuki <pkariuki at gmail.com>
> Cc: KICTAnet ICT Policy Discussions <kictanet at lists.kictanet.or.ke>
> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the
>     Government bail it out? Again?
> Message-ID:
>     <CAKX6dsFEhQFyV+LP3WgMv_5i_VT0R6PeXawnZ0O8U556aKZ=aA at mail.gmail.com>
> Content-Type: text/plain; charset="windows-1252"
> 
> You nailed it Phares, exactly!
> 
> 
> On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki at gmail.com> wrote:
> 
> > Not so simple?
> >
> > Telkom Kenya (at some point between 2006/2007), was East Africa's 
> > largest company by assets?
> >
> > Even if Orange was shortchanged by 300M USD, there are still 
> > significant real estate holdings (all the telephone exchanges - the 
> > land they have  etc etc).
> >
> > These are assets which were bought with public cash. It's a tricky 
> > situation where the government either throws good money after what is 
> > potentially a bad investment or the government lets Telkom die (with a 
> > significant investment of our tax money)? Simply letting the 
> > organization go, might cost the country more in terms of asset loss?
> >
> >
> > On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
> >
> > IMHO, the easy solution is for the government to divest its share and 
> > let the market take care of the rest.  Landlines and fixed data 
> > connections no longer require government support and if the company 
> > fails, it's not a big problem since Telkom is not a critical resource
> (unlike KPLC).
> >
> > ---
> > OpenStack for Africa: http://signup.kili.io
> > Musings: https://twitter.com/varud
> > About Adam: https://www.linkedin.com/in/adamcnelson
> >
> >
> > On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno
> <otieno.barrack at gmail.com>wrote:
> >
> > Ali,
> >
> > I think Telkoms problems are deliberate, there is no way such an 
> > institution can be crippled without a deliberate move and sheer 
> > ignorance this is where we call for accountability, there must be 
> > someone smiling somewhere over its misfortunes. Sometimes Business is 
> > common sense, you reap what you sow, we need to know who was the sower 
> > in this case?, what was sowed and who reaped where because public 
> > money was pumped into this organization. We also need to have a public 
> > audit of its asset base and what really transpired when the organization
> was downsizing.
> >
> > Best Regards
> >
> >
> > On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali at hussein.me.ke> wrote:
> >
> > Listers
> >
> > The trials and tribulations of Telkom Kenya are a sad chapter in the 
> > country's road towards actualization of Vision 2030.
> >
> > What actually ails Telkom Kenya?
> >
> > What is the real reason behind its inability to leverage on its legacy 
> > systems to re-invent its business model?
> >
> > Is one of the problems the fact that the Government shackled it with a 
> > nondescript, pedestrian workforce steeped in Moi era  non-performance 
> > ethos?
> >
> > Are there forces beyond the powers of the Management of Telkom Kenya 
> > (like Mpesa maybe?) that has made it so irrelevant in the scheme of
> things?
> >
> > In my humble opinion this has been a failed exercise in privatization.
> >
> > What did we do right in the Government divestiture of Safaricom in 
> > comparison to Telkom Kenya?
> >
> >
> > http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-share-d
> > eal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
> >
> > Ali Hussein
> > CEO | 3mice interactive media Ltd
> > Principal | Telemedia Africa Ltd
> >
> > +254 713 601113
> >
> > "The future belongs to him who knows how to wait." - Russian Proverb
> >
> > Sent from my iPad
> >
> > _______________________________________________
> > kictanet mailing list
> > kictanet at lists.kictanet.or.ke
> > https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >
> > Unsubscribe or change your options at
> > https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4
> > 0gmail.com
> >
> >
> > The Kenya ICT Action Network (KICTANet) is a multi-stakeholder 
> > platform for people and institutions interested and involved in ICT 
> > policy and regulation. The network aims to act as a catalyst for 
> > reform in the ICT sector in support of the national aim of ICT enabled
> growth and development.
> >
> > KICTANetiquette : Adhere to the same standards of acceptable behaviors 
> > online that you follow in real life: respect people's times and 
> > bandwidth, share knowledge, don't flame or abuse or personalize, 
> > respect privacy, do not spam, do not market your wares or qualifications.
> >
> >
> >
> >
> > --
> > Barrack O. Otieno
> > +254721325277
> > +254-20-2498789
> > Skype: barrack.otieno
> > http://www.otienobarrack.me.ke/
> >
> > _______________________________________________
> > kictanet mailing list
> > kictanet at lists.kictanet.or.ke
> > https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >
> > Unsubscribe or change your options at
> > https://lists.kictanet.or.ke/mailman/options/kictanet/adam%40varud.com
> >
> > The Kenya ICT Action Network (KICTANet) is a multi-stakeholder 
> > platform for people and institutions interested and involved in ICT 
> > policy and regulation. The network aims to act as a catalyst for 
> > reform in the ICT sector in support of the national aim of ICT enabled
> growth and development.
> >
> > KICTANetiquette : Adhere to the same standards of acceptable behaviors 
> > online that you follow in real life: respect people's times and 
> > bandwidth, share knowledge, don't flame or abuse or personalize, 
> > respect privacy, do not spam, do not market your wares or qualifications.
> >
> >
> > _______________________________________________
> > kictanet mailing list
> > kictanet at lists.kictanet.or.ke
> > https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >
> > Unsubscribe or change your options at
> > https://lists.kictanet.or.ke/mailman/options/kictanet/pkariuki%40gmail
> > .com
> >
> > The Kenya ICT Action Network (KICTANet) is a multi-stakeholder 
> > platform for people and institutions interested and involved in ICT 
> > policy and regulation. The network aims to act as a catalyst for 
> > reform in the ICT sector in support of the national aim of ICT enabled
> growth and development.
> >
> > KICTANetiquette : Adhere to the same standards of acceptable behaviors 
> > online that you follow in real life: respect people's times and 
> > bandwidth, share knowledge, don't flame or abuse or personalize, 
> > respect privacy, do not spam, do not market your wares or qualifications.
> >
> >
> > --
> > Regards,
> >
> > Phares Kariuki
> >
> > | T: +254 720 406 093 | E: pkariuki at gmail.com | Twitter: kaboro | Skype:
> > kariukiphares | B: http://www.kaboro.com/ |
> >
> >
> >
> > _______________________________________________
> > kictanet mailing list
> > kictanet at lists.kictanet.or.ke
> > https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >
> > Unsubscribe or change your options at
> > https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4
> > 0gmail.com
> >
> > The Kenya ICT Action Network (KICTANet) is a multi-stakeholder 
> > platform for people and institutions interested and involved in ICT 
> > policy and regulation. The network aims to act as a catalyst for 
> > reform in the ICT sector in support of the national aim of ICT enabled
> growth and development.
> >
> > KICTANetiquette : Adhere to the same standards of acceptable behaviors 
> > online that you follow in real life: respect people's times and 
> > bandwidth, share knowledge, don't flame or abuse or personalize, 
> > respect privacy, do not spam, do not market your wares or qualifications.
> >
> 
> 
> 
> --
> Barrack O. Otieno
> +254721325277
> +254-20-2498789
> Skype: barrack.otieno
> http://www.otienobarrack.me.ke/
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> ------------------------------
> 
> Message: 2
> Date: Tue, 4 Jun 2013 20:09:39 +0300
> From: Ali Hussein <ali at hussein.me.ke>
> To: Barrack Otieno <otieno.barrack at gmail.com>
> Cc: KICTAnet ICT Policy Discussions <kictanet at lists.kictanet.or.ke>
> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the
>     Government    bail it out? Again?
> Message-ID: <2A3E4FD8-3C8D-4BBB-97EA-F7520327C6F7 at hussein.me.ke>
> Content-Type: text/plain; charset="utf-8"
> 
> I disagree..there are definitely assets within Telkom Kenya. The question is
> whether those assets are pertinent to the success of a Telco. Definitely not
> all of them are.
> 
> May be the Government should cut its losses and divest fully from Telkom
> Kenya. Certainly it doesn't make sense anymore for Governments to own a
> piece of a Telco. If it wants to continue to maintain its Big Brother role
> in the name of National Security it doesn't need to own a Telco. Just ask
> Google and AT&T and other Telcos in the US.    
> 
> Ali Hussein
> CEO | 3mice interactive media Ltd
> Principal | Telemedia Africa Ltd
> 
> +254 713 601113
> 
> "The future belongs to him who knows how to wait." - Russian Proverb
> 
> Sent from my iPad
> 
> On Jun 4, 2013, at 7:04 PM, Barrack Otieno <otieno.barrack at gmail.com> wrote:
> 
> > You nailed it Phares, exactly!
> > 
> > 
> > On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki at gmail.com> wrote:
> >> Not so simple? 
> >> 
> >> Telkom Kenya (at some point between 2006/2007), was East Africa's largest
> company by assets? 
> >> 
> >> Even if Orange was shortchanged by 300M USD, there are still significant
> real estate holdings (all the telephone exchanges - the land they have  etc
> etc). 
> >> 
> >> These are assets which were bought with public cash. It's a tricky
> situation where the government either throws good money after what is
> potentially a bad investment or the government lets Telkom die (with a
> significant investment of our tax money)? Simply letting the organization
> go, might cost the country more in terms of asset loss? 
> >> 
> >> 
> >> On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
> >>> IMHO, the easy solution is for the government to divest its share and
> let the market take care of the rest.  Landlines and fixed data connections
> no longer require government support and if the company fails, it's not a
> big problem since Telkom is not a critical resource (unlike KPLC).
> >>> 
> >>> ---
> >>> OpenStack for Africa: http://signup.kili.io
> >>> Musings: https://twitter.com/varud
> >>> About Adam: https://www.linkedin.com/in/adamcnelson
> >>> 
> >>> 
> >>> On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno
> <otieno.barrack at gmail.com> wrote:
> >>>> Ali,
> >>>> 
> >>>> I think Telkoms problems are deliberate, there is no way such an
> institution can be crippled without a deliberate move and sheer ignorance
> this is where we call for accountability, there must be someone smiling
> somewhere over its misfortunes. Sometimes Business is common sense, you reap
> what you sow, we need to know who was the sower in this case?, what was
> sowed and who reaped where because public money was pumped into this
> organization. We also need to have a public audit of its asset base and what
> really transpired when the organization was downsizing.
> >>>> 
> >>>> Best Regards
> >>>> 
> >>>> 
> >>>> On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali at hussein.me.ke> wrote:
> >>>>> Listers
> >>>>> 
> >>>>> The trials and tribulations of Telkom Kenya are a sad chapter in the
> country's road towards actualization of Vision 2030.
> >>>>> 
> >>>>> What actually ails Telkom Kenya? 
> >>>>> 
> >>>>> What is the real reason behind its inability to leverage on its legacy
> systems to re-invent its business model?
> >>>>> 
> >>>>> Is one of the problems the fact that the Government shackled it with a
> nondescript, pedestrian workforce steeped in Moi era  non-performance ethos?
> 
> >>>>> 
> >>>>> Are there forces beyond the powers of the Management of Telkom Kenya
> (like Mpesa maybe?) that has made it so irrelevant in the scheme of things? 
> >>>>> 
> >>>>> In my humble opinion this has been a failed exercise in privatization.
> 
> >>>>> 
> >>>>> What did we do right in the Government divestiture of Safaricom in
> comparison to Telkom Kenya? 
> >>>>> 
> >>>>> http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-sha
> >>>>> re-deal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
> >>>>> 
> >>>>> Ali Hussein
> >>>>> CEO | 3mice interactive media Ltd
> >>>>> Principal | Telemedia Africa Ltd
> >>>>> 
> >>>>> +254 713 601113
> >>>>> 
> >>>>> "The future belongs to him who knows how to wait." - Russian 
> >>>>> Proverb
> >>>>> 
> >>>>> Sent from my iPad
> >>>>> 
> >>>>> _______________________________________________
> >>>>> kictanet mailing list
> >>>>> kictanet at lists.kictanet.or.ke
> >>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >>>>> 
> >>>>> Unsubscribe or change your options at 
> >>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barra
> >>>>> ck%40gmail.com
> >>>>> 
> >>>>> 
> >>>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder
> platform for people and institutions interested and involved in ICT policy
> and regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
> >>>>> 
> >>>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
> >>>> 
> >>>> 
> >>>> 
> >>>> --
> >>>> Barrack O. Otieno
> >>>> +254721325277
> >>>> +254-20-2498789
> >>>> Skype: barrack.otieno
> >>>> http://www.otienobarrack.me.ke/
> >>>> 
> >>>> _______________________________________________
> >>>> kictanet mailing list
> >>>> kictanet at lists.kictanet.or.ke
> >>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >>>> 
> >>>> Unsubscribe or change your options at 
> >>>> https://lists.kictanet.or.ke/mailman/options/kictanet/adam%40varud.
> >>>> com
> >>>> 
> >>>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
> >>>> 
> >>>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
> >>> 
> >>> _______________________________________________
> >>> kictanet mailing list
> >>> kictanet at lists.kictanet.or.ke
> >>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >>> 
> >>> Unsubscribe or change your options at 
> >>> https://lists.kictanet.or.ke/mailman/options/kictanet/pkariuki%40gma
> >>> il.com
> >>> 
> >>> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
> >>> 
> >>> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
> >> 
> >> --
> >> Regards,
> >> 
> >> Phares Kariuki
> >> 
> >> | T: +254 720 406 093 | E: pkariuki at gmail.com | Twitter: kaboro | 
> >> | Skype: kariukiphares | B: http://www.kaboro.com/ |
> >> 
> >> 
> >> 
> >> _______________________________________________
> >> kictanet mailing list
> >> kictanet at lists.kictanet.or.ke
> >> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> >> 
> >> Unsubscribe or change your options at 
> >> https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%
> >> 40gmail.com
> >> 
> >> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
> >> 
> >> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
> > 
> > 
> > 
> > --
> > Barrack O. Otieno
> > +254721325277
> > +254-20-2498789
> > Skype: barrack.otieno
> > http://www.otienobarrack.me.ke/
> > _______________________________________________
> > kictanet mailing list
> > kictanet at lists.kictanet.or.ke
> > https://lists.kictanet.or.ke/mailman/listinfo/kictanet
> > 
> > Unsubscribe or change your options at 
> > https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussei
> > n.com
> > 
> > The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
> > 
> > KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
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> End of kictanet Digest, Vol 73, Issue 16
> ****************************************
> 
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
> 
> KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
> 
> 
> _______________________________________________
> kictanet mailing list
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> 
> Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
> 
> KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
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