kictanet Digest, Vol 73, Issue 16
Not so simple?
Telkom Kenya (at some point between 2006/2007), was East Africa's largest company by assets?
Even if Orange was shortchanged by 300M USD, there are still significant real estate holdings (all the telephone exchanges - the land they have etc etc).
These are assets which were bought with public cash. It's a tricky situation where the government either throws good money after what is potentially a bad investment or the government lets Telkom die (with a significant investment of our tax money)? Simply letting the organization go, might cost the country more in terms of asset loss?
On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
IMHO, the easy solution is for the government to divest its share and let the market take care of the rest. Landlines and fixed data connections no longer require government support and if the company fails, it's not a big problem since Telkom is not a critical resource (unlike KPLC).
--- OpenStack for Africa: http://signup.kili.io Musings: https://twitter.com/varud About Adam: https://www.linkedin.com/in/adamcnelson
On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno <otieno.barrack@gmail.com>wrote:
Ali,
I think Telkoms problems are deliberate, there is no way such an institution can be crippled without a deliberate move and sheer ignorance this is where we call for accountability, there must be someone smiling somewhere over its misfortunes. Sometimes Business is common sense, you reap what you sow, we need to know who was the sower in this case?, what was sowed and who reaped where because public money was pumped into this organization. We also need to have a public audit of its asset base and what really transpired when the organization was downsizing.
Best Regards
On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali@hussein.me.ke> wrote:
Listers
The trials and tribulations of Telkom Kenya are a sad chapter in the country's road towards actualization of Vision 2030.
What actually ails Telkom Kenya?
What is the real reason behind its inability to leverage on its legacy systems to re-invent its business model?
Is one of the problems the fact that the Government shackled it with a nondescript, pedestrian workforce steeped in Moi era non-performance ethos?
Are there forces beyond the powers of the Management of Telkom Kenya (like Mpesa maybe?) that has made it so irrelevant in the scheme of
Telkom Kenya and France should relinquish their shareholding to less than 30%, and allow private equity (through NSE listing) to own the remaining 70% and get a competent team to run the corporation. Makes no sense why the organization is making losses with the sort of infrastructure and asset base it enjoys. Staff within the organization are both demoralized and lack requisite skills to turn this elephant to profitability. Edwin -----Original Message----- From: kictanet [mailto:kictanet-bounces+eonchari=lynxbits.com@lists.kictanet.or.ke] On Behalf Of kictanet-request@lists.kictanet.or.ke Sent: Tuesday, June 04, 2013 8:10 PM To: Edwin Subject: kictanet Digest, Vol 73, Issue 16 Send kictanet mailing list submissions to kictanet@lists.kictanet.or.ke To subscribe or unsubscribe via the World Wide Web, visit https://lists.kictanet.or.ke/mailman/listinfo/kictanet or, via email, send a message with subject or body 'help' to kictanet-request@lists.kictanet.or.ke You can reach the person managing the list at kictanet-owner@lists.kictanet.or.ke When replying, please edit your Subject line so it is more specific than "Re: Contents of kictanet digest..." Today's Topics: 1. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Barrack Otieno) 2. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Ali Hussein) ---------------------------------------------------------------------- Message: 1 Date: Tue, 4 Jun 2013 19:04:23 +0300 From: Barrack Otieno <otieno.barrack@gmail.com> To: Phares Kariuki <pkariuki@gmail.com> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the Government bail it out? Again? Message-ID: <CAKX6dsFEhQFyV+LP3WgMv_5i_VT0R6PeXawnZ0O8U556aKZ=aA@mail.gmail.com> Content-Type: text/plain; charset="windows-1252" You nailed it Phares, exactly! On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki@gmail.com> wrote: things?
In my humble opinion this has been a failed exercise in privatization.
What did we do right in the Government divestiture of Safaricom in comparison to Telkom Kenya?
http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-share-d eal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Regards,
Phares Kariuki
| T: +254 720 406 093 | E: pkariuki@gmail.com | Twitter: kaboro | Skype: kariukiphares | B: http://www.kaboro.com/ |
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
Not so simple?
Telkom Kenya (at some point between 2006/2007), was East Africa's largest company by assets?
Even if Orange was shortchanged by 300M USD, there are still significant real estate holdings (all the telephone exchanges - the land they have etc etc).
These are assets which were bought with public cash. It's a tricky situation where the government either throws good money after what is potentially a bad investment or the government lets Telkom die (with a significant investment of our tax money)? Simply letting the organization go, might cost the country more in terms of asset loss?
On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
IMHO, the easy solution is for the government to divest its share and let the market take care of the rest. Landlines and fixed data connections no longer require government support and if the company fails, it's not a big problem since Telkom is not a critical resource (unlike KPLC).
--- OpenStack for Africa: http://signup.kili.io Musings: https://twitter.com/varud About Adam: https://www.linkedin.com/in/adamcnelson
On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno <otieno.barrack@gmail.com>wrote:
Ali,
I think Telkoms problems are deliberate, there is no way such an institution can be crippled without a deliberate move and sheer ignorance this is where we call for accountability, there must be someone smiling somewhere over its misfortunes. Sometimes Business is common sense, you reap what you sow, we need to know who was the sower in this case?, what was sowed and who reaped where because public money was pumped into this organization. We also need to have a public audit of its asset base and what really transpired when the organization was downsizing.
Best Regards
On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali@hussein.me.ke> wrote:
Listers
The trials and tribulations of Telkom Kenya are a sad chapter in the country's road towards actualization of Vision 2030.
What actually ails Telkom Kenya?
What is the real reason behind its inability to leverage on its legacy systems to re-invent its business model?
Is one of the problems the fact that the Government shackled it with a nondescript, pedestrian workforce steeped in Moi era non-performance ethos?
Are there forces beyond the powers of the Management of Telkom Kenya (like Mpesa maybe?) that has made it so irrelevant in the scheme of
Onchari, Would you buy shares of Telkom if they were offered to you? The NSE is not a dumping ground for non-performing companies. Regards Robert Yawe KAY System Technologies Ltd Phoenix House, 6th Floor P O Box 55806 Nairobi, 00200 Kenya Tel: +254722511225, +254202010696 ________________________________ From: Edwin Onchari <eonchari@lynxbits.com> To: robertyawe@yahoo.co.uk Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Sent: Tuesday, 4 June 2013, 20:59 Subject: [kictanet] kictanet Digest, Vol 73, Issue 16 Telkom Kenya and France should relinquish their shareholding to less than 30%, and allow private equity (through NSE listing) to own the remaining 70% and get a competent team to run the corporation. Makes no sense why the organization is making losses with the sort of infrastructure and asset base it enjoys. Staff within the organization are both demoralized and lack requisite skills to turn this elephant to profitability. Edwin -----Original Message----- From: kictanet [mailto:kictanet-bounces+eonchari=lynxbits.com@lists.kictanet.or.ke] On Behalf Of kictanet-request@lists.kictanet.or.ke Sent: Tuesday, June 04, 2013 8:10 PM To: Edwin Subject: kictanet Digest, Vol 73, Issue 16 Send kictanet mailing list submissions to kictanet@lists.kictanet.or.ke To subscribe or unsubscribe via the World Wide Web, visit https://lists.kictanet.or.ke/mailman/listinfo/kictanet or, via email, send a message with subject or body 'help' to kictanet-request@lists.kictanet.or.ke You can reach the person managing the list at kictanet-owner@lists.kictanet.or.ke When replying, please edit your Subject line so it is more specific than "Re: Contents of kictanet digest..." Today's Topics: 1. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Barrack Otieno) 2. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Ali Hussein) ---------------------------------------------------------------------- Message: 1 Date: Tue, 4 Jun 2013 19:04:23 +0300 From: Barrack Otieno <otieno.barrack@gmail.com> To: Phares Kariuki <pkariuki@gmail.com> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the Government bail it out? Again? Message-ID: <CAKX6dsFEhQFyV+LP3WgMv_5i_VT0R6PeXawnZ0O8U556aKZ=aA@mail.gmail.com> Content-Type: text/plain; charset="windows-1252" You nailed it Phares, exactly! On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki@gmail.com> wrote: things?
In my humble opinion this has been a failed exercise in privatization.
What did we do right in the Government divestiture of Safaricom in comparison to Telkom Kenya?
http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-share-d eal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Regards,
Phares Kariuki
| T: +254 720 406 093 | E: pkariuki@gmail.com | Twitter: kaboro | Skype: kariukiphares | B: http://www.kaboro.com/ |
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4 0gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
Robert There are unique Private Equity Funds that would probably buy. They are called Vulture Funds. Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd +254 713 601113 "The future belongs to him who knows how to wait." - Russian Proverb Sent from my iPad On Jun 5, 2013, at 10:21 AM, robert yawe <robertyawe@yahoo.co.uk> wrote:
Onchari,
Would you buy shares of Telkom if they were offered to you?
The NSE is not a dumping ground for non-performing companies.
Regards
Robert Yawe KAY System Technologies Ltd Phoenix House, 6th Floor P O Box 55806 Nairobi, 00200 Kenya
Tel: +254722511225, +254202010696 From: Edwin Onchari <eonchari@lynxbits.com> To: robertyawe@yahoo.co.uk Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Sent: Tuesday, 4 June 2013, 20:59 Subject: [kictanet] kictanet Digest, Vol 73, Issue 16
Telkom Kenya and France should relinquish their shareholding to less than 30%, and allow private equity (through NSE listing) to own the remaining 70% and get a competent team to run the corporation. Makes no sense why the organization is making losses with the sort of infrastructure and asset base it enjoys. Staff within the organization are both demoralized and lack requisite skills to turn this elephant to profitability.
Edwin
-----Original Message----- From: kictanet [mailto:kictanet-bounces+eonchari=lynxbits.com@lists.kictanet.or.ke] On Behalf Of kictanet-request@lists.kictanet.or.ke Sent: Tuesday, June 04, 2013 8:10 PM To: Edwin Subject: kictanet Digest, Vol 73, Issue 16
Send kictanet mailing list submissions to kictanet@lists.kictanet.or.ke
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Today's Topics:
1. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Barrack Otieno) 2. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Ali Hussein)
----------------------------------------------------------------------
Message: 1 Date: Tue, 4 Jun 2013 19:04:23 +0300 From: Barrack Otieno <otieno.barrack@gmail.com> To: Phares Kariuki <pkariuki@gmail.com> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the Government bail it out? Again? Message-ID: <CAKX6dsFEhQFyV+LP3WgMv_5i_VT0R6PeXawnZ0O8U556aKZ=aA@mail.gmail.com> Content-Type: text/plain; charset="windows-1252"
You nailed it Phares, exactly!
On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki@gmail.com> wrote:
Not so simple?
Telkom Kenya (at some point between 2006/2007), was East Africa's largest company by assets?
Even if Orange was shortchanged by 300M USD, there are still significant real estate holdings (all the telephone exchanges - the land they have etc etc).
These are assets which were bought with public cash. It's a tricky situation where the government either throws good money after what is potentially a bad investment or the government lets Telkom die (with a significant investment of our tax money)? Simply letting the organization go, might cost the country more in terms of asset loss?
On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
IMHO, the easy solution is for the government to divest its share and let the market take care of the rest. Landlines and fixed data connections no longer require government support and if the company fails, it's not a big problem since Telkom is not a critical resource (unlike KPLC).
--- OpenStack for Africa: http://signup.kili.io Musings: https://twitter.com/varud About Adam: https://www.linkedin.com/in/adamcnelson
On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno <otieno.barrack@gmail.com>wrote:
Ali,
I think Telkoms problems are deliberate, there is no way such an institution can be crippled without a deliberate move and sheer ignorance this is where we call for accountability, there must be someone smiling somewhere over its misfortunes. Sometimes Business is common sense, you reap what you sow, we need to know who was the sower in this case?, what was sowed and who reaped where because public money was pumped into this organization. We also need to have a public audit of its asset base and what really transpired when the organization was downsizing.
Best Regards
On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali@hussein.me.ke> wrote:
Listers
The trials and tribulations of Telkom Kenya are a sad chapter in the country's road towards actualization of Vision 2030.
What actually ails Telkom Kenya?
What is the real reason behind its inability to leverage on its legacy systems to re-invent its business model?
Is one of the problems the fact that the Government shackled it with a nondescript, pedestrian workforce steeped in Moi era non-performance ethos?
Are there forces beyond the powers of the Management of Telkom Kenya (like Mpesa maybe?) that has made it so irrelevant in the scheme of things?
In my humble opinion this has been a failed exercise in privatization.
What did we do right in the Government divestiture of Safaricom in comparison to Telkom Kenya?
http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-share-d eal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/pkariuki%40gmail .com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Regards,
Phares Kariuki
| T: +254 720 406 093 | E: pkariuki@gmail.com | Twitter: kaboro | Skype: kariukiphares | B: http://www.kaboro.com/ |
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4 0gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
They already own Telkom Robert Yawe KAY System Technologies Ltd Phoenix House, 6th Floor P O Box 55806 Nairobi, 00200 Kenya Tel: +254722511225, +254202010696 ________________________________ From: Ali Hussein <ali@hussein.me.ke> To: robert yawe <robertyawe@yahoo.co.uk> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Sent: Wednesday, 5 June 2013, 10:40 Subject: Re: [kictanet] kictanet Digest, Vol 73, Issue 16 Robert There are unique Private Equity Funds that would probably buy. They are called Vulture Funds. Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd +254 713 601113 "The future belongs to him who knows how to wait." - Russian Proverb Sent from my iPad On Jun 5, 2013, at 10:21 AM, robert yawe <robertyawe@yahoo.co.uk> wrote: Onchari,
Would you buy shares of Telkom if they were offered to you?
The NSE is not a dumping ground for non-performing companies.
Regards
Robert Yawe KAY System Technologies Ltd Phoenix House, 6th Floor P O Box 55806 Nairobi, 00200 Kenya
Tel: +254722511225, +254202010696
________________________________ From: Edwin Onchari <eonchari@lynxbits.com> To: robertyawe@yahoo.co.uk Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Sent: Tuesday, 4 June 2013, 20:59 Subject: [kictanet] kictanet Digest, Vol 73, Issue 16
Telkom Kenya and France should relinquish their shareholding to less than 30%, and allow private equity (through NSE listing) to own the remaining 70% and get a competent team to run the corporation. Makes no sense why the organization is making losses with the sort of infrastructure and asset base it enjoys. Staff within the organization are both demoralized and lack requisite skills to turn this elephant to profitability.
Edwin
-----Original Message----- From: kictanet [mailto:kictanet-bounces+eonchari=lynxbits.com@lists.kictanet.or.ke] On Behalf Of kictanet-request@lists.kictanet.or.ke Sent: Tuesday, June 04, 2013 8:10 PM To: Edwin Subject: kictanet Digest, Vol 73, Issue 16
Send kictanet mailing list submissions to kictanet@lists.kictanet.or.ke
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Today's Topics:
1. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Barrack Otieno) 2. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Ali Hussein)
----------------------------------------------------------------------
Message: 1 Date: Tue, 4 Jun 2013 19:04:23 +0300 From: Barrack Otieno <otieno.barrack@gmail.com> To: Phares Kariuki <pkariuki@gmail.com> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the Government bail it out? Again? Message-ID: <CAKX6dsFEhQFyV+LP3WgMv_5i_VT0R6PeXawnZ0O8U556aKZ=aA@mail.gmail.com> Content-Type: text/plain; charset="windows-1252"
You nailed it Phares, exactly!
On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki@gmail.com> wrote:
Not so
Telkom Kenya (at some point between 2006/2007), was East Africa's largest company by assets?
Even if Orange was shortchanged by 300M USD, there are still significant real estate holdings (all the telephone exchanges - the land they have etc etc).
These are assets which were bought with public cash. It's a tricky situation where the government either throws good money after what is potentially a bad investment or the government lets Telkom die (with a significant investment of our tax money)? Simply letting the organization go, might cost the country more in terms of asset loss?
On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
IMHO, the easy solution is for the government to divest its share and let the market take care of the rest. Landlines and fixed data
fails, it's not a big problem since Telkom is not a critical resource (unlike KPLC).
--- OpenStack for Africa: http://signup.kili.io Musings: https://twitter.com/varud About Adam: https://www.linkedin.com/in/adamcnelson
On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno <otieno.barrack@gmail.com>wrote:
Ali,
I think Telkoms problems are deliberate, there is no way such an institution can be crippled without a deliberate move and sheer ignorance this is where we call for accountability, there must be someone smiling somewhere over its misfortunes. Sometimes Business is common sense, you reap what you sow, we need to know who was the sower in this case?, what was sowed and who reaped where because public money was pumped into this organization. We also need to have a public audit of its asset base and what really transpired when the organization was downsizing.
Best Regards
On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali@hussein.me.ke> wrote:
Listers
The trials and tribulations of Telkom Kenya are a sad chapter in the country's road towards actualization of Vision 2030.
What actually ails Telkom Kenya?
What is the real reason behind its inability to leverage on its legacy systems to re-invent its business model?
Is one of the problems the fact that the Government shackled it with a nondescript, pedestrian workforce steeped in Moi era non-performance ethos?
Are there forces beyond the powers of the Management of Telkom Kenya (like Mpesa maybe?) that has made it so irrelevant in the scheme of
connections no longer require government support and if the company things?
In my humble opinion this has been a failed exercise in privatization.
What did we do right in the Government divestiture of Safaricom in comparison to Telkom Kenya?
http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-share-d eal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
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The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The
network aims to act as a catalyst for
reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/adam%40varud.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/pkariuki%40gmail .com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of
simple? the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Regards,
Phares Kariuki
| T: +254 720 406 093 | E: pkariuki@gmail.com | Twitter: kaboro | Skype: kariukiphares | B: http://www.kaboro.com/ |
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4 0gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled
growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's
times and
bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
LOL. True that...in a sort of way.. Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd +254 713 601113 "The future belongs to him who knows how to wait." - Russian Proverb Sent from my iPad On Jun 5, 2013, at 1:46 PM, robert yawe <robertyawe@yahoo.co.uk> wrote:
They already own Telkom
Robert Yawe KAY System Technologies Ltd Phoenix House, 6th Floor P O Box 55806 Nairobi, 00200 Kenya
Tel: +254722511225, +254202010696 From: Ali Hussein <ali@hussein.me.ke> To: robert yawe <robertyawe@yahoo.co.uk> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Sent: Wednesday, 5 June 2013, 10:40 Subject: Re: [kictanet] kictanet Digest, Vol 73, Issue 16
Robert
There are unique Private Equity Funds that would probably buy. They are called Vulture Funds.
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
On Jun 5, 2013, at 10:21 AM, robert yawe <robertyawe@yahoo.co.uk> wrote:
Onchari,
Would you buy shares of Telkom if they were offered to you?
The NSE is not a dumping ground for non-performing companies.
Regards
Robert Yawe KAY System Technologies Ltd Phoenix House, 6th Floor P O Box 55806 Nairobi, 00200 Kenya
Tel: +254722511225, +254202010696 From: Edwin Onchari <eonchari@lynxbits.com> To: robertyawe@yahoo.co.uk Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Sent: Tuesday, 4 June 2013, 20:59 Subject: [kictanet] kictanet Digest, Vol 73, Issue 16
Telkom Kenya and France should relinquish their shareholding to less than 30%, and allow private equity (through NSE listing) to own the remaining 70% and get a competent team to run the corporation. Makes no sense why the organization is making losses with the sort of infrastructure and asset base it enjoys. Staff within the organization are both demoralized and lack requisite skills to turn this elephant to profitability.
Edwin
-----Original Message----- From: kictanet [mailto:kictanet-bounces+eonchari=lynxbits.com@lists.kictanet.or.ke] On Behalf Of kictanet-request@lists.kictanet.or.ke Sent: Tuesday, June 04, 2013 8:10 PM To: Edwin Subject: kictanet Digest, Vol 73, Issue 16
Send kictanet mailing list submissions to kictanet@lists.kictanet.or.ke
To subscribe or unsubscribe via the World Wide Web, visit https://lists.kictanet.or.ke/mailman/listinfo/kictanet or, via email, send a message with subject or body 'help' to kictanet-request@lists.kictanet.or.ke
You can reach the person managing the list at kictanet-owner@lists.kictanet.or.ke
When replying, please edit your Subject line so it is more specific than "Re: Contents of kictanet digest..."
Today's Topics:
1. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Barrack Otieno) 2. Re: Is Telkom Kenya insolvent and should the Government bail it out? Again? (Ali Hussein)
----------------------------------------------------------------------
Message: 1 Date: Tue, 4 Jun 2013 19:04:23 +0300 From: Barrack Otieno <otieno.barrack@gmail.com> To: Phares Kariuki <pkariuki@gmail.com> Cc: KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> Subject: Re: [kictanet] Is Telkom Kenya insolvent and should the Government bail it out? Again? Message-ID: <CAKX6dsFEhQFyV+LP3WgMv_5i_VT0R6PeXawnZ0O8U556aKZ=aA@mail.gmail.com> Content-Type: text/plain; charset="windows-1252"
You nailed it Phares, exactly!
On Tue, Jun 4, 2013 at 6:47 PM, Phares Kariuki <pkariuki@gmail.com> wrote:
Not so simple?
Telkom Kenya (at some point between 2006/2007), was East Africa's largest company by assets?
Even if Orange was shortchanged by 300M USD, there are still significant real estate holdings (all the telephone exchanges - the land they have etc etc).
These are assets which were bought with public cash. It's a tricky situation where the government either throws good money after what is potentially a bad investment or the government lets Telkom die (with a significant investment of our tax money)? Simply letting the organization go, might cost the country more in terms of asset loss?
On Tuesday, June 4, 2013 at 9:54 AM, Adam Nelson wrote:
IMHO, the easy solution is for the government to divest its share and let the market take care of the rest. Landlines and fixed data connections no longer require government support and if the company fails, it's not a big problem since Telkom is not a critical resource (unlike KPLC).
--- OpenStack for Africa: http://signup.kili.io Musings: https://twitter.com/varud About Adam: https://www.linkedin.com/in/adamcnelson
On Tue, Jun 4, 2013 at 8:57 AM, Barrack Otieno <otieno.barrack@gmail.com>wrote:
Ali,
I think Telkoms problems are deliberate, there is no way such an institution can be crippled without a deliberate move and sheer ignorance this is where we call for accountability, there must be someone smiling somewhere over its misfortunes. Sometimes Business is common sense, you reap what you sow, we need to know who was the sower in this case?, what was sowed and who reaped where because public money was pumped into this organization. We also need to have a public audit of its asset base and what really transpired when the organization was downsizing.
Best Regards
On Tue, Jun 4, 2013 at 8:29 AM, Ali Hussein <ali@hussein.me.ke> wrote:
Listers
The trials and tribulations of Telkom Kenya are a sad chapter in the country's road towards actualization of Vision 2030.
What actually ails Telkom Kenya?
What is the real reason behind its inability to leverage on its legacy systems to re-invent its business model?
Is one of the problems the fact that the Government shackled it with a nondescript, pedestrian workforce steeped in Moi era non-performance ethos?
Are there forces beyond the powers of the Management of Telkom Kenya (like Mpesa maybe?) that has made it so irrelevant in the scheme of things?
In my humble opinion this has been a failed exercise in privatization.
What did we do right in the Government divestiture of Safaricom in comparison to Telkom Kenya?
http://www.nation.co.ke/News/Taxpayers-face-Sh6bn-bill-in-foul-share-d eal/-/1056/1870526/-/item/0/-/ign3ff/-/index.htmlu
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4 0gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/adam%40varud.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/pkariuki%40gmail .com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Regards,
Phares Kariuki
| T: +254 720 406 093 | E: pkariuki@gmail.com | Twitter: kaboro | Skype: kariukiphares | B: http://www.kaboro.com/ |
_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/otieno.barrack%4 0gmail.com
The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.
KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.
-- Barrack O. Otieno +254721325277 +254-20-2498789 Skype: barrack.otieno http://www.otienobarrack.me.ke/
participants (3)
-
Ali Hussein -
Edwin Onchari -
robert yawe