[Huh! More deals when Kenyans have the money to pay twice the value of Telkom's 14 billion worth. Logic would have expected they be given the first option to buy Telkom, sack political appointees that have run it down and return excellent profits using cheap mobile CDMA than Safaricom subsidiary. BTW: How does Safaricom take billions to its ghost shareholders? Curious deals coming at election years, Who knows maybe they privatised the government a long time ago? Perhaps also to expect more bizzareness on "Rural Connectivity" because it sounds "government caring"?] ---- [Business Daily] "BT emerges frontrunner in race to buy Telkom" 03-July-2007: Written by Michael Omondi People close to the matter told the Business Daily that senior officials from BT and Libyan investors on Friday met top Treasury and Ministry of Communication officials to work out the deals finer details. Treasury estimates the stake to be worth Sh5.6 billion meaning that Telkom Kenya is now valued at Sh14 billion. <http://www.bdafrica.com/index.php?option=com_content&task=view&id=1749&Itemid=5810> ----- "Success of KenGen IPO boost to capital markets" By KARIUKI NDUNGU The Ken-Gen initial public offering (IPO) has been oversubscribed by more than Sh18.2 billion, the government said last week. The IPO, which has ignited Kenyas capital markets, will somewhat disappoint thousands of investors who will have their money refunded. The government was expecting to raise Sh7.8 billion, but Kenyans proved that they had what it takes to raise equity and offered the government more than what it bargained for. ...... The response to the IPO was overwhelming, attracting an estimated 280,000 applications representing more than Sh2 billion shares worth an estimated Sh26 billion as per the data processed to date.... http://www.timesnews.co.ke/02may06/business/buns2.html Where is Parliamentary select Committee on telecommunications? Please do not wait to "investigate" years later when it is already too late? ____________________________________________________________________________________ Be a better Globetrotter. Get better travel answers from someone who knows. Yahoo! Answers - Check it out. http://answers.yahoo.com/dir/?link=list&sid=396545469