Brian, KDN's aim is to run infrastructure to EVERY corner of the region and later the continent! Since I am constantly spending money (though operational very profitable) for this, I would be ill advised to chase people before they can give us an idea of what they want to do! If Altech or ANY other investor wants to participate by INJECTING (I am not talking about a sale of shares, I don't think this is in the interest of anybody at KDN or Sameer) substantial amounts of money to fasttrack this goal, I will listen VERY carefully! Rgds Kai ----- Original Message ----- From: "Brian Longwe" <brian@isisweb.nl> To: "Kai Wulff" <kai.wulff@kdn.co.ke> Cc: "KICTAnet ICT Policy Discussions" <kictanet@lists.kictanet.or.ke> Sent: Monday, October 01, 2007 14:48 Subject: Re: [kictanet] KDN hmmm - I seem to recall that the big man over there has a requtation for pulling v. surprising deals at the last minute - might this be one of them? Regards, Brian On Oct 1, 2007, at 11:08 AM, Kai Wulff wrote:
Morning!
Isn't it interesting what the media can do?
We have not even received an offer (although it is true that Altech is interested to come into the East African Market and is looking around), so how can we be sold?
If this was true, CCK would know about ..
More updates (if anything happens) on this channel!
Rgds
Kai
P.S. Buying Kai would be difficult ....
----- Original Message ----- From: <bitange@jambo.co.ke> To: <kai.wulff@kdn.co.ke> Cc: "KICTAnet ICT Policy Discussions" <kictanet@lists.kictanet.or.ke> Sent: Monday, October 01, 2007 08:02 Subject: [kictanet] KDN
Kai, SA Group buys Kai. See below.
Business Report Altech's R500m Kenyan buy should give it access to new submarine cable Thabiso Mochiko 411 words 28 September 2007 The Star e1 3 English © Copyright 2007 Independent Newspapers (UK) Limited. All rights reserved.
Johannesburg - Allied Technologies (Altech) will pay more than R500 million for a 51 percent stake in a division of Kenya's Sameer Group, which should give the telecommunications technology company access to an undersea cable. Altech, which has a war chest of R1.2 billion, has agreed to buy a majority shareholding in Sameer's information and communication technology (ICT) division, which houses Kenya Data Networks (KDN), Swift Global and Infocom. KDN operates an extensive fibreoptic cable network and plans to expand into Tanzania and the Democratic Republic of Congo. Swift Global is an internet service provider with operations in Kenya and Tanzania. Infocom provides broadband internet services in Uganda. KDN is expected to participate in the African east coast submarine link, which will support Altech's aggressive expansion into the telecoms arena. Altech chief executive Craig Venter said growth opportunities in Kenya were helped by its stable political environment. The acquisition formed part of Altech's strategy to become a global company, he added. Venter noted that the ever-changing technology environment required "equal measures of prudence and agility". Altech is still on the prowl for acquisitions, but says it will not buy an existing cellular network operator because its cellphone service provider, Autopage, continues to grow. The firm, which resells products of Cell C, MTN and Vodacom, now boasts 850 000 subscribers. Altech operates in India through its satellite television decoder manufacturer, Altech UEC. Its vehicle tracking firm, Altech Netstar, has opened shop in Malaysia and will expand to Brazil. In the rest of Africa, Altech operates in Rwanda, where it has been licensed to roll out a high-speed WiMax internet network. It has profitable operations in Nigeria through NamITech, which manufactures 60 million prepaid airtime vouchers a month for the country's five cellular operators. Altech will spend R30 million to expand capacity to make credit cards for banks and SIM cards for cellular operators. Another R90 million acquisition, of fleet management firm ComTech, is subject to competition commission approval. This week Altech, which is majority-owned by JSE-listed Allied Electronics, posted a 20 percent rise in revenue to R4 billion for the six months to August. Interim operating profit increased by 6 percent to R306 million from a year earlier. Altech's shares gained 25c to R61.75 yesterday. The all share index added 0.44 percent.
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