It would be good for the telecoms industry if the private companies are allowed to grow big, without artificial limitations from a state owned incumbent. The problem with private enterprises are that they will only pick the low hanging fruit and might well neglect less profitable parts of the country. With the oversight of a strong regulator it is entirely possible for private companies to provide basic services, but unfortunately we are saddled with ICASA.That would definitely be the end of CellC, so don't think it will ever happen.
Maybe if Vodacom is allowed to buy Neotel and agree that MTN gets Telkom, who knows?
Share price closed on R76,90 - down from last week's high of R78,99.If Telkom's legal submissions to ICASA are to be taken seriously - and I argue they should not* - then it is an act of bad faith for Telkom and MTN to be having these discussions until ICASA adopt regulations relating to change in control.
*Well I will argue on Monday in supplementary submissions invited by ICASA
This article - good ol Bloomberg again - seems to be conflating a majority stake with the sale of the government holding (which is not a majority or controlling stake until the PIC component is added) and smells of speculation designed to fudge the stock price.
when aren't they?Share price closed on R76,90 - down from last week's high of R78,99.
I think Bloomberg are chasing their tail on this one.
I remember recently being pushed from one extension to the other by Telkom Mobile people and at the end of it I wasn't helped. I think they are managing to do bad enough on their own alreadyMTN have really poor Customer Support, would hate to have that imposed on Telkom Mobile.