<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); ">Listers</div><div style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></div><div style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); ">This story got me thinking...</div><div style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></div><div style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: none; "><h1 style="margin: 0px 0px 5px; padding: 0px; "><font size="3"><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">KDN plans sale of stake to recover from losses</span></font></h1><div id="articlemeta" style="margin: 15px 0px 10px; padding: 0px; text-align: left; "><div style="font-weight: bold; text-align: -webkit-auto; "><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">By OKUTTAH MARK</span></div><div style="text-align: -webkit-auto; "><b style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); "><br></b></div><div style="text-align: -webkit-auto; "><b style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">Posted Monday, October 1 2012 at 20:19</b></div><div style="text-align: -webkit-auto; "><span style="background-color: rgba(255, 255, 255, 0); -webkit-text-size-adjust: auto; font-weight: bold; "><br></span></div><div style="text-align: -webkit-auto; "><span style="background-color: rgba(255, 255, 255, 0); -webkit-text-size-adjust: auto; font-weight: bold; ">IN SUMMARY</span></div></div><div id="article_summmary" style="margin: 0px; padding: 6px 8px; text-align: left; "><div style="margin: 0px; padding: 0px; "><ul style="margin: 0px; padding: 0px; "><li style="margin: 0px 0px 0px 1.5em; padding: 0px; "><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">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.</span></li><li style="margin: 0px 0px 0px 1.5em; padding: 0px; "><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">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.</span></li><li style="margin: 0px 0px 0px 1.5em; padding: 0px; "><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">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.</span></li></ul></div></div><div id="article_text" style="margin: 15px 0px 20px; padding: 0px; text-align: left; "><p style="margin: 0px 0px 1em; padding: 0px; "></p><div style="margin: 0px; padding: 0px; "><p style="text-align: -webkit-auto; margin: 0px 0px 1em; padding: 0px; "><span style="-webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0); ">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.</span></p></div></div></div><span style="font-family: '.HelveticaNeueUI'; font-size: 15px; line-height: 19px; white-space: nowrap; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: none; "><a href="http://www.businessdailyafrica.com/Corporate+News/KDN+plans+sale+of+stake+to+recover+from+losses/-/539550/1522572/-/ohrlxk/-/index.html">http://www.businessdailyafrica.com/Corporate+News/KDN+plans+sale+of+stake+to+recover+from+losses/-/539550/1522572/-/ohrlxk/-/index.html</a></span><br><div><br></div><div>Regards </div><div><br></div><div>Ali Hussein</div><div><span class="Apple-style-span" style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></span></div><div><span class="Apple-style-span" style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); ">+254 773/713 601113</span></div><div><br></div>Sent from my iPad</body></html>