Its been long overdue. Am glad they have finally made progress. Wire
On Tue, 2007-01-09 at 13:38 +0200, Mark Tinka wrote: > Interesting... > > * TELKOM SOUTH AFRICA TO BUY INTO UGANDA TELECOM > > Telkom South Africa is in final stages of buying into Ucom, the > consortium that owns 51% shares in uganda telecom. Uganda telecom's > corporation secretary Donald Nyakairu said the two entities are at > the price negotiation stage after completion of due diligence on > both sides. > > The Government owns 49% shares in uganda telecom. If Telkom SA > succeeds with this purchase it will be a first after a long run of > unsuccessful attempts to buy other companies both on the continent > and elsewhere. > > Telkom South Africa is a state-controlled company that also owns 50% > of Vodacom, the largest telecommunications company in South Africa. > The company is looking for expansion opportunities outside South > Africa as it faces competition from the second national operator > and from service providers like value-added network services. > > Telecom analysts say the Ugandan market is "extremely" attractive > because less that 150,000 people have fixed lines out of a > population of over 27 million. > > Telkom South Africa provides business and residential fixed line > telephony, Internet and e-commerce data communications, satellite > and broadcasting services. If completed, the deal is expected to > boost uganda telecom, which intends to spend about $80m (sh140b) to > strengthen its network. Uganda telecom has about 500,000 mobile > phone subscribers and about 100,000 fixed line subscribers. The > Ucom consortium is 60% held by Telecel, while Germany's Detecon and > Egyptian group Orascom hold 20% each. > > Mark. > _______________________________________________ > LUG mailing list > [email protected] > http://kym.net/mailman/listinfo/lug > %LUG is generously hosted by INFOCOM http://www.infocom.co.ug/ > > The above comments and data are owned by whoever posted them (including > attachments if any). The List's Host is not responsible for them in any way. > --------------------------------------- > _______________________________________________ LUG mailing list [email protected] http://kym.net/mailman/listinfo/lug %LUG is generously hosted by INFOCOM http://www.infocom.co.ug/ The above comments and data are owned by whoever posted them (including attachments if any). The List's Host is not responsible for them in any way. ---------------------------------------
