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Zain Dakika za mwisho kuuzwa, kubadili jina na kuwa AirTel?

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Balantanda, Feb 15, 2010.

  1. Balantanda

    Balantanda JF-Expert Member

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    Feb 15, 2010
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    Katika pitapita yangu kwenye mtandao nimekutana na taarifa hii ya kuuzwa kwa kampuni ya simu za mkononi ya Kuwait Zain(zamani Celtel) ambayo ni mojawapo ya makampuni makubwa yanayotoa huduma ya mawasiliano barani Afrika(ikiwemo Tanzania);

    Zain confirms takeover offer

    David George-Cosh
    February 14. 2010

    Kuwaiti telecommunications operator Zain has confirmed that is has received an offer to buy its operation in Africa in a deal worth as much as US$10.7 billion (Dh39.3bn)

    The sale, if it goes ahead, will be be one of the largest cross-border deals in the Middle East and mark a significant turning point Zain's ongoning disposal plan.

    "Zain has received an offer in relation to its operations in Africa excluding Morocco and Sudan," the company said in a statement on its website.

    Zain, the third largest telecomes operatior in the region, said that its board of directors will be discussing the offer today at 12:30 pm Kuwaiti time.

    Trading in Zain's shares on the Kuwaiti bourse was halted until a decision has been made on the offer, the company said.

    Yesterday, Al-Rai, the Kuwaiti newspaper, said that Indian operator Bharti Airtel offered $10.7bn to buy Zain's African units, except in Sudan.

    In a research note, Shuaa Capital telecoms analyst Simon Simonian said that Bharti Airtel would be a credible potential suiter for Zain's African units.

    "The Indian operator attempted twice to acquire MTN Group, and has been looking to expand in Africa," said Mr Simonian, who raised his rating on Zain to "buy" from "sell".

    Zain probably would pay a special dividend to shareholders if the African unit would be sold, Mr Simonian said.

    "We assumed Zain divests a 65 per cent stake in the African unit. As was the case during the discussions with Vivendi, Zain was interested to maintain a minority interest in the African unit, as well as a management contract for the first two years."

    On Thursday, Zain announced it had appointed Nabil bin Salama (CQ) as the new chief executive of the company, to be effective today.

    Mr bin Salama served in 2009 as Kuwait's Minister of Communication, Water and Electricity, following several years in the public sector. He replaces Saad al Barrak who led the telecoms operator since 2002.


    na nyingine hii


    Kuwait:

    Kuwaiti telecom group Zain has agreed to sell its African assets to Bharti Airtel Ltd, India's biggest wireless operator, Kuwait's state news agency Kuna reported on Sunday. The deal, valued at $10.7 billion (around Rs50,000 crore), marks Bharti's third attempt to enter the African continent.


    Breakthrough: Bharti Airtel chairman Sunil Mittal. Harikrishna Katragadda/ Mint

    The deal is one of the biggest cross-border transactions in West Asia in years and a turning point in the long-running saga of the third biggest telecom operator in the region.

    Zain's board accepted an offer by Bharti Airtel to purchase most of its African assets, according to a person familiar with the matter. Zain said in a statement to the Kuwait bourse earlier that its board would meet to discuss an offer for its African assets, excluding Sudan and Morocco.


    In New Delhi, Bharti Airtel's spokesperson declined to comment, but a senior company executive who didn't want to be named confirmed the transaction and said Bharti would issue a statement to the stock exchanges on Monday.


    Bharti's chairman and biggest shareholder Sunil Mittal is seeking to enter Africa, one of the world's fastest growing telecommunications markets, as competition intensifies on his home turf. His company failed last year to buy MTN Group Ltd for around $23 billion, its second attempt to take over the South African firm.


    "The Indian market is moving towards saturation and it's important for mobile phone companies to look at emerging markets such as Africa for growth," said R.K. Gupta, portfolio manager and managing director at Taurus Asset Management in New Delhi. "My only worry is that there is this dangerous trend of Indian companies trying to buy overseas assets at any cost."


    He added: "If you get a company at cheap valuation or fair cost it's okay, but if you pay aggressively it's going to affect profitability for years."


    Bharti and MTN called off merger talks on 30 September, scrapping a transaction that would have been the world's biggest cross-border deal last year. Bharti said the structure of the deal failed to get approval from the South African government.


    Bharti faces mounting competition in its home market. The company has slashed call rates to as little as 1 paise a second to keep customers after overseas carriers including Japan's NTT DoCoMo Inc. and Norway's Telenor ASA entered the Indian market with cut-price plans.


    "The African market is an attractive market as the next round of growth will clearly come from this continent," said Romal Shetty, executive director and head of telecom practice at professional services firm KPMG. "While the Indian market is still promising, the next 18-24 months would see a lot of pain for Indian telecom operators."


    "Bharti is diversifying its risks. The only risk at this point of time is how expensive the Zain deal is and what the payout (is) for the acquisition," Shetty added.


    In October, Akhil Gupta, deputy group chief executive officer at the Indian mobile operator's parent, said Bharti would look at buying a stake in Zain if there was an opportunity. Last month, Bharti agreed to buy 70% of Bangladesh's Warid Telecom for an initial investment of $300 million.


    It also set up a new unit to drive its foreign expansion, focused on opportunities in emerging markets where it can replicate its low-price, high-volume model.


    The Kuwaiti bourse suspended trading in Zain shares before the open but optimism that the deal would be approved sparked a rally in Kuwaiti shares, pushing the benchmark index up 1.8%, its biggest gain in six months.


    "If the transaction values the African operations at $10.7 billion, it would be a nice premium," said analyst Simon Simonian at investment bank Shuaa Capital. "We expect Zain to pay a special dividend to shareholders from the proceeds."


    Zain shares have soared 23% in the last week, giving the company a market value of 4.64 billion Kuwaiti dinars (Rs74,400 crore).


    For Zain, the sale of its African positions would mark a strategic reversal that saw the local player rise to international status and then revert to that of a regional player. Zain has spent at least $12 billion to expand in Africa since 2005.


    Zain's expansion from Burkina Faso to Zambia and its ubiquitous logo has transformed it into a symbol of national pride synonymous with Kuwait's faltering aspirations to diversify its economy beyond the oil sector.


    "Zain grew a little bit too fast and was facing some growing pains in the past two years," Simonian said.


    Analysts have pointed to Zain's underperforming assets in Nigeria and Kenya as a burden on the group, but said its large presence in sub-Saharan Africa harboured valuable growth. Africa represents around 62% of Zain's 64.7 million customers but only 15% of the groups's net profit. Zain operates in 24 countries, including Saudi Arabia, Nigeria.


    The group pulled back from an expansion spree in 2009 and rejected an offer from France's Vivendi SA for its African assets. It then halted talks to sell the assets to appease potential buyers of a 46% stake in the parent company.


    A consortium of Asian investors has been trying to buy the 46% stake from Kuwaiti family conglomerate Kharafi Group for 2 dinars per share, or about $13.7 billion, although selling the African operations would likely end that initiative.


    In one indication of an imminent deal, Zain last week appointed Nabil bin Salama as the firm's chief executive, replacing Saad al-Barrak, seen as the driving force behind the growth into 23 countries across Africa and West Asia.


    Barrak resigned earlier this month amid uncertainty about the fate of the sale of the parent company's stake.


    Last May, Zain announced a rare cut of 2,000 jobs from its workforce of 15,500, signalling that the heyday of expansion might be over.
     
  2. Baba_Enock

    Baba_Enock JF-Expert Member

    #2
    Feb 15, 2010
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    Mkuu,

    Kunzia walivyojibadilisha toka Celtel na Kujiita Zain nadhani it was clear kwamba Mo Ibrahim alikuwa na Vision ya kuifanya Celtel kuwa Largest Mobile Operator in Africa and eventually in Asia and Africa, na kwa mtizamo wangu that is the only route to go. Sidhani kama hapa ndio mwisho Vivend/Orange/MTN ipo siku zitakubali "offer" ya Bharti Airtel!

    Mo Ibrahim ni mjasiriamali mahili sana!
     
  3. kimatire

    kimatire JF-Expert Member

    #3
    Feb 15, 2010
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    Kodi yetu wadanganyika kodi yetu .........

    Huu ni ule uwekezaji mliosema??Kupokezana vijiti mithili ya mbio fupi huku wakijua jinsi ya kucheza na kile kipindi cha neema(Grace period)Ha haaa haa nani kakwambia tutaendelea kweli hivi?

    "The world is hungry but lacks the money to buy food; and paradoxically, in the underdeveloped world, in the world of the hungry, possible ways of expanding food production are discouraged in order to keep prices up, in order to be able to eat. This is the inexorable law of the philosophy of plunder, which must cease to be the rule in relations between peoples."
    - Che Guevara, Marxist revolutionary [1]
     
  4. M

    Magezi JF-Expert Member

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    kinacho umiza ni kwamba wakubwa wa TIC wananeemeka peke yao na familia zao ma hii grace period. Sasa hivi ndo umekuwa mtindo wa wanaoitwa wawekezaji kubadirisha majina tu kila inapo karibia miaka 3 ya kuvuna bila kulipa ushuru.
     
  5. Mzee Mwanakijiji

    Mzee Mwanakijiji Platinum Member

    #5
    Mar 23, 2010
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    Kampuni ya Zain iko mbioni kuuzwa kwa kampuni ya simu za wireless ya India. Habari ndiyo hiyo!
     
  6. Fisherscom

    Fisherscom JF-Expert Member

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    Habari imefika mkuu. Safari hii sijui itapewa jina gani au nembo gani maana wanajitahidi kubadili kila kinachowezekana kubadilishwa,wizi mtupu.
     
  7. O

    Omumura JF-Expert Member

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    Hao jamaa waje wainunue na Vodacom labda watakuwa fair kwenye charges!
     
  8. vivian

    vivian JF-Expert Member

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    Mar 23, 2010
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    Naomba kuuliza jamani!! ile grace period ya miaka 5 kwa wawekezaji wa nje kujaribu viability ya biashara ndio waanze kulipa kodi bado ipo? or is there something close to that? naombeni kufunguliwa macho kidogo jamani.
     
  9. mayenga

    mayenga JF-Expert Member

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    Kweli, kampuni hii inasemekana itauzwa kwa kiasi cha shilingi dola bilioni 11,na jina lake jipya itaitwa AIRTEL
     
  10. mayenga

    mayenga JF-Expert Member

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    Hiyo kitu ipo,sheria ya uwekezaji iko wazi kuhusu hilo.
     
  11. Balantanda

    Balantanda JF-Expert Member

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  12. vivian

    vivian JF-Expert Member

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    If this is the case!! then we are done
     
  13. mayenga

    mayenga JF-Expert Member

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    Sure Vivian!
     
  14. Bonnie1974

    Bonnie1974 JF-Expert Member

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    Katika kuweka sawa kumbukumbu , ieleweke kuwa five year tax holiday haipo nowdays.
    Imeondolewa.
     
  15. Abdulhalim

    Abdulhalim JF-Expert Member

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    Mlitegemea kitu tofauti? Sometimes mnanishangaza kwa kuendelea kushangaa!
     
  16. Fisherscom

    Fisherscom JF-Expert Member

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    Hii ni hatari na inasikitisha sana. Inakuwa vipi kwa mwanachi aliyejifunga na kupigika miaka kadhaa kukusanya mtaji wake pindi anapofungua biashara yake,nadhani hata wiki hachukui jamaa wa mapato na ushuru wako mlangoni wanataka chao. Kweli mwenye nacho ataendelea kuongezewa. Kweli hii ni nchi ya maziwa na asali inayoliwa na wageni.
     
  17. M-bongotz

    M-bongotz JF-Expert Member

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    Imeondolewa na sheria gani mkuu, tufahamishane pls.
     
  18. Felixonfellix

    Felixonfellix JF-Expert Member

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    Hivi hii ni kawaida ya nchi zingine au ni kwetu tu????????????????
    Naomba evidence za grace period kufutwa
     
  19. Felixonfellix

    Felixonfellix JF-Expert Member

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    Yangu macho na masikio
     
  20. Chimunguru

    Chimunguru JF-Expert Member

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    Washafulia haoo
     
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