Cabinet approves Infraco

[MielieSpoor]

Cabinet has approved the establishment of the Broadband Infrastructure Company (Infraco) as a state-owned enterprise that will provide electronic communications network services

http://www.itweb.co.za/sections/telecoms/2007/0704201100.asp?S=Broadband&A=BRO&O=FPLEAD

 

[stoke]

Oooh .. a brand spanking new telkom.

 

[kilo39]

. don't hold your breath.

(feet show no inclination to dance)

 

[JTech]

A lovely new monopoly

Telkom the 2nd

 

[Gatecrasher]

Would have been better if they sold the assets to Neotel - but I expect this does allow government to exercise control over Neotel and prevent it from simply matching Telkom's prices.

While free enterprise is all very well in transparent, well-developed economies, in SA it often results in profiteering cartels. Look at Banking charges, Motor Vehicle Sales, Cellphone charges etc.

I guess government doesn't want a fixed line cartel to replace Telkom's monopoly. At least, that's what I am hoping...