Do i See MTN bidding to buy Essar, then AK?Sent from my Voice Recognition Watch©On Fri, Jun 17, 2011 at 2:07 PM, [ Brainiac ] <arebacollins@gmail.com> wrote:
call it doomsday prophesy but i am predicting.Queen Bee is gonna swallow them all.....--On Fri, Jun 17, 2011 at 2:00 PM, David Kiania | Asentric Consulting Ltd <kianiadee@gmail.com> wrote:
Two major Internet players to hit the headlines on the today with
quasi adverse mentions. In todays Business Daily KDN has been hit by
mass exodus of talent and will be replaced by mainly South Africans
(yes South Africans) http://bit.ly/mPpT8D and Access Kenya is merging
it's businesses and the underlying numbers look scarcely.
http://bit.ly/irHphP
AK lost an amazing KES. 134m in FOREX loses ONLY and also saw their
revenues decreased by KES. 300m from 2billion to 1.7billion ouch. In
the intervening year AK has not made notable investment in
infrastructure or marketing so the revenue is bound to decline even
further. I also think the Safaricom assault on their corporate
business and Airtel heading that way ... shareholders have a right to
be very concerned.
Only time will tell how these companies would do but even with
impending changes at KDN would we prefer a better managed company by
foreigners or we really don't care? As far as AK is concerned ...
My thoughts
--
[Asentric Consulting Ltd]
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SEAL INSTRUCTOR
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| “The twentieth century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy” | |
~ Alex Carey ~ Tel No: 0x2af23696 |