I wonder when SA presents their bid on the Office of the President.
It shouldn't take long.
On 9 Jan 2007, at 13:51, Wire James wrote:
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.
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