Broadband cable ban baffles WB

[UglyKidJoe]

http://www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-1786_2173988

...and baffles us too

 

[Pitbull]

http://www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-1786_2173988

...and baffles us too

The three South African investors are MTN, Telkom and Neotel.

/me looks at my shares again and still smiling

 

[McSack]

Khalil says a decision by the South African government to disallow EASSy from landing here would be "unfortunate and very surprising", and not something that he wanted to even contemplate. He said it would be very difficult to explain to consumers and operators why a cable that would bring down bandwidth prices and extend capacity was being disallowed.

Well not really surprising Mr Khalil... our government officials want to be sure that shelf companis owned by themselves, friends and family can strip off as much profit for doing as little work as possible. This would be extremely difficult for them if your Special Purpose Vehicle model (SPV), with all it's inherent financial controls, is the major shareholder

 

[ShaunSA]

Khalil says the last outstanding investments in the EASSy cable project should be approved by the end of September or early October, and construction should start thereafter. EASSy could then be operational by as early as the end of next year, or early 2009.

I took the article seriously until i read this part

 

[antowan]

I took the article seriously until i read this part

LMAO!