Telkom II

The easiest way to become a Billionaire 101

How do you find a way to divert taxpayer money into you and your buddies pockets ( bank accounts ).

I wonder if anyone has been folowing the history of the TELKOM IPO as well as the recent VODACOM offering -- (and I am sure many others).

Take an asset paid for by SA tax payers ( you and me ).

Put it into some form of a formal financial body.

Decide later that it has to be "privatised"

Make sure to give some people ( you know -- the poor people excluded from the economy by wicked capitalists ) preferential shares at less than market value

Make sure you and your buddies control that tranche


Then sell those shares to a real proper industry player at or above market value. ( preferably above -- can be organised )

VOILA -- instant Billionaire ( at taxpayer expense )


PM me for more details ( I have quite a steep consulting fee :D )


MW
 
But if Infraco is also goin to compete in the retail sector agaist the incubents,why cry foul.,.competition is exactly what we need,not collusion like what the present providers are doing...there are already more than 500 licences issued to private providers but we still pay more...i think we need more infracos...
 
This has happened before...
Intekom vs TelkomSA
Same thing
This is none other than the same bad deal with a different badge... besides, who cares who the ISP is when the bandwidth bill at the international side is exorbitant...
Same old same old..

It's like Scorpions vs Falcons... rebrand it, throw out the elements you don't want and you have the same thing but more suited to your liking...
Talk about WASTING TAXPAYERS MONEY!
Telkom is still government at the end of the day.
Bleah
 
Finally the government cracks the whip!

The government should be commended for this. After all the talking and all the consultations with the likes of Telkom, Vodacom, MTN and Neotel nothing has changed. They keep on running their mouths about next generation networks but collude to keep prices artificially high. After all the nonsense the government has had to take from these operators; and after all the abuse we have had to suffer from them, it is time for some corrective action: How? Let the government, using taxpayers money, enter the fray and compete with these people directly. Of course they will squeal like pigs, but this is necessary. The government does not have to make a lot of profit, so they can just sell bandwidth at a price they deem fair. To me, this is effective price regulation. If the providers don't like it, then that is too bad.
 
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