<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii">
<meta name=Generator content="Microsoft Word 11 (filtered medium)">
<!--[if !mso]>
<style>
v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style>
<![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0mm;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman";}
a:link, span.MsoHyperlink
{color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{color:blue;
text-decoration:underline;}
span.EmailStyle18
{mso-style-type:personal-reply;
font-family:Arial;
color:navy;}
@page Section1
{size:612.0pt 792.0pt;
margin:72.0pt 90.0pt 72.0pt 90.0pt;}
div.Section1
{page:Section1;}
-->
</style>
</head>
<body lang=EN-US link=blue vlink=blue>
<div class=Section1>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>I think it is necessary to discuss how
this will all be funded. Submarine cables systems are expensive to install and
maintain, and I have yet to see or hear of any firm proposals of how this will
all be funded. I have heard talk of SPV’s with Government putting up the
initial capital, IPO’s etc. but nothing in writing. As one of the
potential main users of an international submarine cable and probably one that
might be asked to participate in the funding, it would be useful to start this
dialog quite early.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Regards,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=2 color=navy face="Times New Roman"><span
style='font-size:10.0pt;color:navy'>Michael<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=navy face="Times New Roman"><span
style='font-size:12.0pt;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><i><font size=2 color=navy face="Times New Roman"><span
style='font-size:10.0pt;color:navy;font-style:italic'>CEO<o:p></o:p></span></font></i></p>
<p class=MsoNormal><i><font size=2 color=navy face="Times New Roman"><span
style='font-size:10.0pt;color:navy;font-style:italic'>Safaricom Limited</span></font></i><font
color=navy><span style='color:navy'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
<div class=MsoNormal align=center style='text-align:center'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>
<hr size=2 width="100%" align=center tabindex=-1>
</span></font></div>
<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
kictanet-bounces+mjoseph=safaricom.co.ke@kictanet.or.ke [mailto:kictanet-bounces+mjoseph=safaricom.co.ke@kictanet.or.ke]
<b><span style='font-weight:bold'>On Behalf Of </span></b>Bill Kagai<br>
<b><span style='font-weight:bold'>Sent:</span></b> Monday, January 29, 2007
10:02 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Michael Joseph<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [Kictanet] Day 6 of
10: Best Business & Regulatory Modelforprovisioning OFC(EASsy, TEAMs, etc)</span></font><o:p></o:p></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>I agree with both [Ndemo and Kai] Esq.. albeit in part.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Open Access can be re-defined at a new (higher) level if both Govt
(TEAMS) and Private (FLAG) float shares to the public in these ventures before
the projects commence. We (Mwananchi) thus becomes consumers in ownership
earning dividend...and everybody goes home happy. <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Maybe our primary recommendation should be that a venture which entails
public consumables like this cable should first be floated to the public so
that we ALL gain.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>Bill<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><span class=gmailquote><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>On 1/29/07, <b><span style='font-weight:bold'><a
href="mailto:bitange@jambo.co.ke">bitange@jambo.co.ke</a></span></b> <<a
href="mailto:bitange@jambo.co.ke">bitange@jambo.co.ke</a>> wrote:</span></font></span><o:p></o:p></p>
</div>
<div>
<blockquote style='border:none;border-left:solid #CCCCCC 1.0pt;padding:0mm 0mm 0mm 6.0pt;
margin-left:4.8pt;margin-right:0mm'>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>Dear All,<br>
It is appropriate to thank Walubengo for the excellent job he is doing in<br>
moderating this discussion. I am suprised that some of you are
making <br>
outrageous statements like "TEAMs is to go to a
monopoly". This is not<br>
true because I am sure that the TEAMs design has not been made public.<br>
Secondly, it in the Government interest that these projects benefit <br>
mwananchi.<br>
<br>
The Government would continue to encourage competition to ensure the costs<br>
are at the lowest. The only reason one would feel hurt about
competitor<br>
progress is when that person wants the monopoly status. <br>
<br>
Regards<br>
<br>
<br>
Ndemo<br>
<br>
<br>
<br>
<o:p></o:p></span></font></p>
</blockquote>
</div>
</div>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt"><SPAN lang=EN-GB
style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">
<HR>
The information in this email and any attachments is confidential and may be
legally privileged. It is intended only for the use of the named
addressee.<O:P></O:P></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Emails are susceptible to
alteration and their integrity cannot be guaranteed. Safaricom Limited does not
accept legal responsibility for the contents of this email if the same is found
to have been altered or manipulated.<O:P></O:P></SPAN></P>
<P class=MsoNormal style="MARGIN: 0cm 0cm 0pt; TEXT-ALIGN: justify"><SPAN
lang=EN-GB style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">The contents and opinions
expressed in this email are solely those of the author and do not necessarily
represent those of Safaricom Limited. Safaricom Limited disclaims any liability
to the fullest extent permissible by law for any consequences that may arise
from the contents of this email including but not limited to personal opinions,
malicious and/or defamatory information and data/codes that may compromise or
damage the integrity of the recipient’s information technology systems.
<O:P></O:P></SPAN></P>
<DIV
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; PADDING-LEFT: 0cm; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0cm; BORDER-BOTTOM: windowtext 1pt solid; mso-element: para-border-div; mso-border-bottom-alt: solid windowtext .75pt">
<P class=MsoNormal
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; PADDING-LEFT: 0cm; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0cm; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; mso-border-bottom-alt: solid windowtext .75pt; mso-padding-alt: 0cm 0cm 1.0pt 0cm"><SPAN
lang=EN-GB style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">If you are not the
intended recipient please notify the sender and immediately delete this email
from your system. <O:P></O:P></SPAN></P></DIV>
</body>
</html>