Telkom up for grabs

[bekdik]

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%...

Eksaktally. The step after that would be to pass a law that says that frotnotel, a new company owned by DOC, will have 55% of MTN and that MTN has the option of exclusive access for 4 years.

 

[antowan]

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.

You need to read up on the ISCOR Mittal Steel saga...

The Wikipedia article is dumbed down for some reason, but government gave away one of our country's most valuable assets in a series of similar odd "happenings" in the business sphere that can only be made sense of in context of paying off international supporters of the anti-Apartheid movement.

http://en.wikipedia.org/wiki/Iscor

 

[UglyKidJoe]

No more Telkom

Sure there will be massive rammifications resulting from such a sale, but the telecoms industry is certainly being shaken up. Surely we can't be worse off for it, I mean after all these years of being screwed up the b*m by Telkom, I think SA will we a much nicer place once they've f&%ked off and I never see a Telkom bill again in my life!

 

[Sneeky]

Mission accomplished

Telkom soars on sale report
Shares in South African telecoms group Telkom surged nearly 5% on Monday after a report that it had put its fixed-line business and stake in mobile phone operator Vodacom up for sale.

http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-24_2176254

 

[ic]

Mission accomplished


http://www.fin24.co.za/articles/default/display_article.aspx?ArticleId=1518-24_2176254

Maybe someone floated this rumour just to temporarily push the share price up before selling their Telkodemonopolies shares...

 

[Oupoot]

Pitbull, govt may approve more than 50% of VC shares owned by a foreign company, but not 100%. I dont know the details of the ICT charter, but I guess up to 30% will have to be allocated to BBBEE. The example that comes to mind is ABSA.

I dont see the Competition Commission allowing MTN to purchase a majority stake in Telkom. They may not be in the same market at present, but they will be in future (a converged market) and any deal will potentially stifle competition. Read the Telkom-BCX merger verdict by the Competition Tribuneral. Maybe MTN only wants to buy parts of Telkom such as their national long distance network (or parts thereof).

 

[kilos]

Don't know if MTN buying Telkom will be good for the market. Stomping up 80-90 Billion Rands for Telkom would require a big player with deep pockets.

Neotel & its investors have nice deep pockets

 

[rwenzori]

All this talk of takeovers and mergers is depressing. The players are all greedy service-disoriented monopolistic bastards and I can see no cheer for the consumer here.

 

[Toby]

Telkom are Sneeky bast*rds

My version of events

Telkom Board Room Conversation.

Seeing that Local Loop is constantly being raped by copper thieves, and Lulu, will not allow SEACOM in, lets sell the Local Loop and keep SAT3.

What then happens to margins.

 

[mcleodd]

It's official:

http://www.fmtech.co.za/telecoms/mtn-telkom-confirm-talks/

 

[StrontiumDog]

It's not that I'm whistling a differnent tune but just that I personally want to see Telkom employees and management get the shock of their lives when they realize how awful their service is when they eventually get competition if and when the local loop gets unbundled.

It's always nice to see the bad guy get what's coming to him.
Telkom selling itself would deny me the pleasure of watching them implode.

Unfortunately the head rots from the top and the head (SBC/$izwe) ran away a long time ago

It's them that are the real culprits IMO...