Tanzania Wont Sell its Stake in Airtel Subsidiary

[nngu007]

By: Ian Mansfield | 30th Dec 2011

The Tanzanian government has said that it has no plans to sell its 40% stake in the local Airtel subsidiary - mainly due to the success of the mobile money service offered by the network.

India's Bharti Airtel holds the remaining 60% of the company, following its purchase from Zain. That transaction was delayed in Tanzania following a dispute over an alleged previous deal by Zain to sell its stake to the governent.

Last year, Bharti Airtel offered US$11 million to buy out the government's 40% stake in the company.

The Minister for Finance and Economic Affairs, Mustafa Mkulo, told The East African Business Week that the Government will not be off-loading its shares because of the profitability of the service.

Minister Mkulo added: "We have decided to continue with you until further notice because there is no risk of losing our tax payers money … We want to still maintaining our dividend."

 

[nngu007]

I hope not Ministers and their big cats are planning to buy that government 40% shares

CCM are very tricky they can steal any time during the day time or night time or even during the time when there is nothing to steal

 

[Mgongo wa paka]

this action taken to our gorvenment still best that what we need. the gorvement may convice air tel india to reduce her stake even 10% from her 60% then tanzania will gain be 50% to 50%, i think this will be courage step to our nation

 

[MtamaMchungu]

By: Ian Mansfield | 30th Dec 2011

The Tanzanian government has said that it has no plans to sell its 40% stake in the local Airtel subsidiary - mainly due to the success of the mobile money service offered by the network.

India's Bharti Airtel holds the remaining 60% of the company, following its purchase from Zain. That transaction was delayed in Tanzania following a dispute over an alleged previous deal by Zain to sell its stake to the governent.

Last year, Bharti Airtel offered US$11 million to buy out the government's 40% stake in the company.

The Minister for Finance and Economic Affairs, Mustafa Mkulo, told The East African Business Week that the Government will not be off-loading its shares because of the profitability of the service.

Minister Mkulo added: "We have decided to continue with you until further notice because there is no risk of losing our tax payers money … We want to still maintaining our dividend."

Hapo kwenye bold and black, is this serious??? I have little knowledge as far as capital markets are concerned, but I guess this means Airtel Tanzania is worth US$ 27.5 million !!!!

Hebu tusaidiane wale wenye ujuzi wa hivi vitu...

 

[Nduka Original]

Hapo kwenye bold and black, is this serious??? I have little knowledge as far as capital markets are concerned, but I guess this means Airtel Tanzania is worth US$ 27.5 million !!!!

Hebu tusaidiane wale wenye ujuzi wa hivi vitu...

I also got confused, Trying to compare Movenpick Hotel in Dar sold to Serena Lodge for US$40 million (A single Hotel)

 

[Zawadi B Lupelo]

Bora hili mkulo aligoma kuuza maana

 

[zithromax]

Lakini hawa wahindi wametuchezea sana kwa kweli

 

[kson m]

I hope not Ministers and their big cats are planning to buy that government 40% shares

CCM are very tricky they can steal any time during the day time or night time or even during the time when there is nothing to steal

!!!!!!!!!!!