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.
Regards,
Michael
CEO
Safaricom Limited
From:
kictanet-bounces+mjoseph=safaricom.co.ke@kictanet.or.ke [mailto:kictanet-bounces+mjoseph=safaricom.co.ke@kictanet.or.ke]
On Behalf Of Bill Kagai
Sent: Monday, January 29, 2007
10:02 PM
To: Michael Joseph
Subject: Re: [Kictanet] Day 6 of
10: Best Business & Regulatory Modelforprovisioning OFC(EASsy, TEAMs, etc)
I agree with both [Ndemo and Kai] Esq.. albeit in part.
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.
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.
Bill
On 1/29/07, bitange@jambo.co.ke <bitange@jambo.co.ke> wrote:
Dear All,
It is appropriate to thank Walubengo for the excellent job he is doing in
moderating this discussion. I am suprised that some of you are making
outrageous statements like "TEAMs is to go to a monopoly". This is not
true because I am sure that the TEAMs design has not been made public.
Secondly, it in the Government interest that these projects benefit
mwananchi.
The Government would continue to encourage competition to ensure the costs
are at the lowest. The only reason one would feel hurt about competitor
progress is when that person wants the monopoly status.
Regards
Ndemo
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