"The country spent more than Sh90 billion of taxpayers’ money to prepare the company for sale to French Telecom in 2007. This resulted in loss of 16,100 jobs in five years.
Additionally, the government surrendered its crucial fibre optic network as a Sh10 billion sweetener for what is turning out to be one of the messiest privatisation transactions in recent times."
Doesn't doing the above now have complications considering the stringent public procurement guidelines under the new constitution?
./bernard
Funny how things turn out! It's difficult to imagine Safaricom used to be a 'department' at Telkom and now the latter is not even the second but a distant third MNO in terms of subscribers and revenue! If a business venture does not make profits,the most reasonable thing to do is to end its operations and not to pour in more money hoping that the tides will turn!--
On 21 March 2012 08:21, Bernard Mwagiru <bmwagiru@gmail.com> wrote:Oh dear..Telkom wants Sh10bn bailout from taxpayer: http://goo.gl/oqpOJ
./bernard
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Kind Regards,
Moses Muya.
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