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<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>
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<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>
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<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>
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<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>
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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
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<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>
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<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>
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<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
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<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>
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<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>
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