Telkom up for grabs

[Gatecrasher]

MTN buys Telkom. Vodafone buys Vodacom. Not going to happen.

Whatever will BEE will BEE.

 

[durbandave]

Cop Out But Could Be Good

This looks like one big cop out by Telkom to me. They were obviously realising that there monopoly was soon to be broken and had to find a way out where the greedy and sometimes corrupt directors and government can line there pockets with sh*t loads of money.

However it might be a good thing if a foreign company comes in and takes it from MTN. I am sure Richard Branson must be eyeing this out. Virgin Mobile have just recently launched in SA, and i am sure he has the capital to purchase a company like Telkom.

That would be good for competition.

Neotel could also look at buying it, but then all that would happen would be we move from one monopoly to the next.

 

[gregmcc]

Maybe BT will but out Telkom and all the prices will radically drop.....oh wait - that only occurs in my dream

 

[schchris]

Oh no, I was also hoping to see telkom implode, this is a very disappointing day for me!!

 

[mic_y]

What would be really great is if Telkom were sold in pieces (fixed line infrastructure, SAT3 Landings) and so on, to the highest bidder, but also make sure to subdivide it enough so that no one player can monopolise anything. This would then enable competition...

 

[JTech]

It's a way to seem like they want to sell, but it won't be realised. The same thing happened a couple of years ago when they went on the NY stock exchange, all the rumours were there that they would sell, but figarol happened

Correct, even when I was still employed there, they seemed to like to want SBC and co to take them over i.e. sell but as usual nothing happens.

 

[ic]

Well, as long as crazy Chinese Mathematicians in Telkom gets retrenched when the deal goes thru, and the prices actually drop alot more !.

please note that there is nothing wrong with Chinese maths, and that [searchforum]Steve "Chinese Maths" Hayward[/searchforum] is not Chinese, what happened was that Steve used a racial slur against the Chinese suggesting that Chinese maths is inferior, and accusing rpm of using unsound mathematics, when in fact Steve doesn't know how many fingers and toes he himself has.

MTN buys Telkom. Vodafone buys Vodacom. Not going to happen.

Whatever will BEE will BEE.

If Telkodemonopolies ever does sell its 50% of Vodacom to Vodafone, after the dust settles, there would definitely be a BEE sale of Vodacom shares held by Vodafone.

I have to say that I doubt that MTN would be allowed to buy Telkodemonopolies, and I have my doubts as to whether Telkodemonopolies will ever let go of Vodacom - I give it even odds, I have even more doubts as to whether guavamint will ever sell its shares in Telkodemonopolies.

The way would be opened for government’s new broadband baby Infraco, second network operator Neotel and Sentech to drive the government’s telecoms agenda.

Translation:

The way would be opened for government’s new broadband baby Infraco, second network operator Neotel and Sentech to drive the government’s self-enrichment agenda.

 

[MielieSpoor]

I cannot see why this should be blocked by the Competition comision. Telkom currenly holds a 50% stake in vodacom, so if Telkom is bought by MTN then it should add all up to the same it is today.

 

[Maestr0]

It is strange how everyone who hates Telkom suddenly whistles a different tune when they realize it isn't such a good idea to get rid of Telkom. That would mean MTN would own Telkom and Vodafone will belong to the Brits. In my books that means even less competition.

Anyway, I cant see a deal like that being approved. I mean, Telkom (telecommunications) buying BCX (IT) was block because it would strangle competition. How then could MTN (telecommunications) buy Telkom (telecommunications) without killing competition. Oh, I forgot. It only counts if the ruling is against Telkom.

You joined just to make this stupid ass comment??? Ignore this one guys.

 

[Glordit]

It is strange how everyone who hates Telkom suddenly whistles a different tune when they realize it isn't such a good idea to get rid of Telkom. That would mean MTN would own Telkom and Vodafone will belong to the Brits. In my books that means even less competition.

Anyway, I cant see a deal like that being approved. I mean, Telkom (telecommunications) buying BCX (IT) was block because it would strangle competition. How then could MTN (telecommunications) buy Telkom (telecommunications) without killing competition. Oh, I forgot. It only counts if the ruling is against Telkom.

Sheesh! Most definately works for Telkom... sayting a statment like that...

LOL? NO?

No Telkom is good with NO Majour Telecoms Company in S.A it FINALLY means a open market for whom ever wants to join!!

 

[ic]

I cannot see why this should be blocked by the Competition comision. Telkom currenly holds a 50% stake in vodacom, so if Telkom is bought by MTN then it should add all up to the same it is today.

Arguably yes, the telecoms sector would approximately balance out to the way it currently is, except that MTN would have a considerable fibre optic and operating cost reduction advantage over both Vodacom and CellC, but as we all know, all is currently not well with SA's telecoms sector, and selling off 50% of Vodacom does not fix the problem that is Telkodemonopolies, so allowing MTN to effectively become the new de facto fixed line monopoly [rebranded Telkodemonopolies], is likely to make the Competition Tribunal very unhappy - not to mention the rest of SA.

Oh and guavamint still owns shares in MTN.

 

[moosag]

This is the blerry fantastic news... The only problem is its going to take some time.. to get through... such a high class deal.. But good news all round!!

 

[DragonLogos]

This is just a profit taking exercise on the share price

 

[claytonza]

If something like this does in fact happen it will be brilliant to see a foreign company buy Telkom out and whip things up a little bit. Having MTN or some other local company buy Telkom out will not change anything. Take MTN matching Vodacoms 3G data bundle prices thats not competition thats just matching 1 Litre Milk:1 Litre milk freshly from the consumers udder.

 

[Juice]

Chop it up and sell it off... I can't say that I'm completely unhappy with the idea...

Die Telkom, die.

 

[BobbyMac]

Legislation says that cellular operators many not have shares in each other hence Telkom wanting to sell the 50% stake in Vodacom to Vodaphone.

It's ironic that before Telkom gets fixed line competition or the local loop is unbundled it looks like it will be sold itself.

How is it ironic? Is Telkom in charge of LLU?

 

[Pitbull]

I read thru this thread and would like to point out some wrongfull posts.

1. If MTN was to buy Telkom it has nothing to do with the competition comission. MTN is buying the Fixed line section which is in competition with Neotel. The Vodacom stake is being sold so MTN will have no binds with Vodacom.

2. Telkom cannot be bought by a Foreign company as Government won't allow a foreign company more than 50% stake in a SA company.

3. Same goes for the Vodacom deal. Goverment won't allow Vodaphone to buy the other 50% stake in Vodacom.

This being said. There is 2 companies in the race for buying Telkom.
Vodacom vs MTN

TBH Vodacom doesn't have the money that MTN has. This being said I can clearly see only 1 winner in the Telkom bid. However MTN will only go up to a price Business viable, If Vodacom was to outbid MTN it would be at a loss for Vodacom.

just my 2c

/ Looking at the nice share price on my MTN shares

 

[ic]

I read thru this thread and would like to point out some wrongfull posts.

1. If MTN was to buy Telkom it has nothing to do with the competition comission. MTN is buying the Fixed line section which is in competition with Neotel. The Vodacom stake is being sold so MTN will have no binds with Vodacom.

2. Telkom cannot be bought by a Foreign company as Government won't allow a foreign company more than 50% stake in a SA company.

3. Same goes for the Vodacom deal. Goverment won't allow Vodaphone to buy the other 50% stake in Vodacom.

This being said. There is 2 companies in the race for buying Telkom.
Vodacom vs MTN

TBH Vodacom doesn't have the money that MTN has. This being said I can clearly see only 1 winner in the Telkom bid. However MTN will only go up to a price Business viable, If Vodacom was to outbid MTN it would be at a loss for Vodacom.

just my 2c

/ Looking at the nice share price on my MTN shares

Methinks you underestimate guavamint's self-enrichment agenda: the sale of Telkodemonopolies' 50% of Vodacom to Vodafone will cause billions of foreign investment to flow into SA, and since guavamint owns ~38% of Telkodemonopolies, guavamint will get a huge payout from the sale of Vodacom.

Just picture guavamint's gravytrain going orgasmic with pleasure from the sale of that 50%...

 

[Pitbull]

Methinks you underestimate guavamint's self-enrichment agenda: the sale of Telkodemonopolies' 50% of Vodacom to Vodafone will cause billions of foreign investment to flow into SA, and since guavamint owns ~38% of Telkodemonopolies, guavamint will get a huge payout from the sale of Vodacom.

Just picture guavamint's gravytrain going orgasmic with pleasure from the sale of that 50%...

O yea Ic you're right

I forgot.

Anything in this country has a price

 

[antowan]

Well, this is a perfect time to flog Telkom off in bits. 4 or 5 slices would be cool. Each with a fixed line license to compete against the other...