How much is Telkom Kenya really worth? MPs say Kenya lost Sh30bn in Telkom deal
Listers The Telkom Kenya saga continues to 'fascinate' http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom... Should the government continue to throw good money after bad? Or should we cut our losses and let management/new owners sort out the mess? What are these strategic assets that continue to remain in Telkom Kenya? My take is that the government is doing the right thing by stopping to send more money to the hemorrhaging former giant. Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd +254 713 601113/ 0770 906375 "The future belongs to him who knows how to wait." - Russian Proverb Sent from my iPad
Hi Ali, This is a complex argument with many sides. In my honest opinion I think Kenya should do what Rwanda did. Take the bitter medicine and kick out the "strategic investors" who continue to bleed the company with expensive expatriate salaries, fat expense accounts, exorbitant "management fees" and poor decision making and look for local solutions. As it is, the investors have failed miserably to deliver on the promises that won them the deal in the first place. Read more about Rwanda's experiences here: http://en.igihe.com/news/the-collapse-of-rwandatel-what-went-wrong Best regards, Brian On Wed, Aug 28, 2013 at 4:55 AM, Ali Hussein <[email protected]> wrote:
Listers
The Telkom Kenya saga continues to 'fascinate'
http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom...
Should the government continue to throw good money after bad? Or should we cut our losses and let management/new owners sort out the mess?
What are these strategic assets that continue to remain in Telkom Kenya?
My take is that the government is doing the right thing by stopping to send more money to the hemorrhaging former giant.
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113/ 0770 906375
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
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If you were to dig deep into the rot causes of situation with this operator, you will notice that the problems is NOT the expatriates, but rather the problem lies with us (Kenyans). On Wed, Aug 28, 2013 at 2:54 PM, Brian Munyao Longwe <[email protected]>wrote:
Hi Ali,
This is a complex argument with many sides.
In my honest opinion I think Kenya should do what Rwanda did. Take the bitter medicine and kick out the "strategic investors" who continue to bleed the company with expensive expatriate salaries, fat expense accounts, exorbitant "management fees" and poor decision making and look for local solutions. As it is, the investors have failed miserably to deliver on the promises that won them the deal in the first place.
Read more about Rwanda's experiences here: http://en.igihe.com/news/the-collapse-of-rwandatel-what-went-wrong
Best regards,
Brian
On Wed, Aug 28, 2013 at 4:55 AM, Ali Hussein <[email protected]> wrote:
Listers
The Telkom Kenya saga continues to 'fascinate'
http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom...
Should the government continue to throw good money after bad? Or should we cut our losses and let management/new owners sort out the mess?
What are these strategic assets that continue to remain in Telkom Kenya?
My take is that the government is doing the right thing by stopping to send more money to the hemorrhaging former giant.
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113/ 0770 906375
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
_______________________________________________ kictanet mailing list [email protected] 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.
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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 Philip Adar
@Philip Please qualify your Outlandish statements. how is this our fault? Safaricom has for years demonstrated that this is a profitable market. @Brian this is similar to the RVR fiasco with the South African firm. The intention was never to revive the railway but to strip it and milk it for all its worth. I suspect that France Telekom is playing a similar game albeit differently. The gradual reduction of the government's shareholding is not an accident. Probably want the government to throw in the towel and reduce shareholding to a point that it will effectively be owned by the French. Then you will hear about the profits after they change the CEO install a media loving one like Bob Collymore. This way all profits are shipped outta the country and minimal dividends are payed to the pesky government. The strategy is to loose money, ask for cash infusion knowing KE government doesn't want that story and the demand share dilution. On Wed, Aug 28, 2013 at 3:12 PM, Philip Adar <[email protected]> wrote:
If you were to dig deep into the rot causes of situation with this operator, you will notice that the problems is NOT the expatriates, but rather the problem lies with us (Kenyans).
On Wed, Aug 28, 2013 at 2:54 PM, Brian Munyao Longwe <[email protected]>wrote:
Hi Ali,
This is a complex argument with many sides.
In my honest opinion I think Kenya should do what Rwanda did. Take the bitter medicine and kick out the "strategic investors" who continue to bleed the company with expensive expatriate salaries, fat expense accounts, exorbitant "management fees" and poor decision making and look for local solutions. As it is, the investors have failed miserably to deliver on the promises that won them the deal in the first place.
Read more about Rwanda's experiences here: http://en.igihe.com/news/the-collapse-of-rwandatel-what-went-wrong
Best regards,
Brian
On Wed, Aug 28, 2013 at 4:55 AM, Ali Hussein <[email protected]> wrote:
Listers
The Telkom Kenya saga continues to 'fascinate'
http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom...
Should the government continue to throw good money after bad? Or should we cut our losses and let management/new owners sort out the mess?
What are these strategic assets that continue to remain in Telkom Kenya?
My take is that the government is doing the right thing by stopping to send more money to the hemorrhaging former giant.
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113/ 0770 906375
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
_______________________________________________ kictanet mailing list [email protected] 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.
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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
Philip Adar
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Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/mwangy%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, Mark Mwangi markmwangi.me.ke
Brian, Listers, It is,in my considered view,not bitter medicine.It is the right thing to do! John Kariuki ________________________________ From: Brian Munyao Longwe <[email protected]> To: [email protected] Cc: KICTAnet ICT Policy Discussions <[email protected]> Sent: Wednesday, 28 August 2013, 14:54 Subject: Re: [kictanet] How much is Telkom Kenya really worth? MPs say Kenya lost Sh30bn in Telkom deal Hi Ali, This is a complex argument with many sides. In my honest opinion I think Kenya should do what Rwanda did. Take the bitter medicine and kick out the "strategic investors" who continue to bleed the company with expensive expatriate salaries, fat expense accounts, exorbitant "management fees" and poor decision making and look for local solutions. As it is, the investors have failed miserably to deliver on the promises that won them the deal in the first place. Read more about Rwanda's experiences here: http://en.igihe.com/news/the-collapse-of-rwandatel-what-went-wrong Best regards, Brian On Wed, Aug 28, 2013 at 4:55 AM, Ali Hussein <[email protected]> wrote: Listers
The Telkom Kenya saga continues to 'fascinate'
http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom...
Should the government continue to throw good money after bad? Or should we cut our losses and let management/new owners sort out the mess?
What are these strategic assets that continue to remain in Telkom Kenya?
My take is that the government is doing the right thing by stopping to send more money to the hemorrhaging former giant. Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113/ 0770 906375
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad _______________________________________________ kictanet mailing list [email protected] https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/blongwe%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.
_______________________________________________ kictanet mailing list [email protected] https://lists.kictanet.or.ke/mailman/listinfo/kictanet Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/ngethe.kariuki2007%40y... 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.
@Brian and all Unfortunately I concur. @Philip You must have a reason to make the statement you made. Care to elaborate? Regards *Ali Hussein* *CEO, 3mice interactive media ltd* *Partner, Telemedia Africa Ltd * Tel: +254713601113 Twitter: @AliHKassim Skype: abu-jomo LinkedIn: http://ke.linkedin.com/in/alihkassim<http://ke.linkedin.com/in/alihkassim> Blog: www.alyhussein.com Any information of a personal nature expressed in this email are purely mine and do not necessarily reflect the official positions of the organizations that I work with. On Wed, Aug 28, 2013 at 7:20 PM, John Kariuki < [email protected]> wrote:
Brian, Listers, It is,in my considered view,not bitter medicine.It is the right thing to do!
John Kariuki
------------------------------ *From:* Brian Munyao Longwe <[email protected]> *To:* [email protected] *Cc:* KICTAnet ICT Policy Discussions <[email protected]> *Sent:* Wednesday, 28 August 2013, 14:54 *Subject:* Re: [kictanet] How much is Telkom Kenya really worth? MPs say Kenya lost Sh30bn in Telkom deal
Hi Ali,
This is a complex argument with many sides.
In my honest opinion I think Kenya should do what Rwanda did. Take the bitter medicine and kick out the "strategic investors" who continue to bleed the company with expensive expatriate salaries, fat expense accounts, exorbitant "management fees" and poor decision making and look for local solutions. As it is, the investors have failed miserably to deliver on the promises that won them the deal in the first place.
Read more about Rwanda's experiences here: http://en.igihe.com/news/the-collapse-of-rwandatel-what-went-wrong
Best regards,
Brian
On Wed, Aug 28, 2013 at 4:55 AM, Ali Hussein <[email protected]> wrote:
Listers
The Telkom Kenya saga continues to 'fascinate'
http://www.businessdailyafrica.com/MPs+say+Kenya+lost+Sh30+billion+in+Telkom...
Should the government continue to throw good money after bad? Or should we cut our losses and let management/new owners sort out the mess?
What are these strategic assets that continue to remain in Telkom Kenya?
My take is that the government is doing the right thing by stopping to send more money to the hemorrhaging former giant.
Ali Hussein CEO | 3mice interactive media Ltd Principal | Telemedia Africa Ltd
+254 713 601113/ 0770 906375
"The future belongs to him who knows how to wait." - Russian Proverb
Sent from my iPad
_______________________________________________ kictanet mailing list [email protected] https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/blongwe%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.
_______________________________________________ kictanet mailing list [email protected] https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/ngethe.kariuki2007%40y...
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 [email protected] https://lists.kictanet.or.ke/mailman/listinfo/kictanet
Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.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.
participants (5)
-
Ali Hussein -
Brian Munyao Longwe -
John Kariuki -
Mark Mwangi -
Philip Adar