Well Sidney I take in your point.
However am not hamstrung by the lack of opportunity to discern the much touted report. I prefer to look at this from the other end of the telescope - we all (I believe) have the capability to provide insights as to whether Safaricom occupies a dominant position and by extent whether this provides unpararelled competitive advantage.
The break-up of M-pesa to me is a no brainer and the model is borrowed from banking where there has been appetite to break IB (Investment Banking) from Retail however this is argued from a predominantly risk perspective. Its pretty obvious cross-subsidies are distorting the true value/strength of Safaricom and I don't need a consultant to tell me this.
In the UK Open Reach (the arm that provides fibre) - part of British Telecom has been ordered by the regulator to split from BT due to the competitive advantage it occupies. What's interesting is the suite was brought by two players Sky and you guessed right Vodafone.
http://www.wired.co.uk/article/openreach-bt-split-ofcom
Well in the land of the blind the one eyed man is king!!
Regards,
Eric Mwangi
Vault Global