Mtn will soon own Etisalat, Another thumbs up to bad service.

matrixme:

so are you saying that expatriates are the ones making the profit for MTN in Nigeria while the rest of us loading card daily are just a necessary burden? OK does Glo have expatriates too, supporting its network after all it isn't doing so bad

Your patronage and whatever is made out of is secondary profit ...you are like those differnt groups that springs up during elections to endorse a candidate....they are a cover so that when he or she rigs the result we will all say that he had the endorsement of so and so group in so and so area ...he had the largest endorsement leading to the elections ....

Glo services are use extensively in Nigeria's oil sector as well as defence .... That is bulk transactions​ before your small chop is added

Besides ,Glo is a national carrier receiving payment from those networks using their duct for terminating international calls ...the only other national carrier is currently not as good as Glo ...the one that launched 4g recentlyin Abuja and Lagos ...can't recall the name now
Etisalat has no such advantage and is left to pick you guys

wristbangle:


Okay but still these coys does not have the financial muscle to acquire etisalat due to its debt. Remove $1.2 billion from his net worth, how much will remain?

Nestoil is liquid but smile telecoms is not liquid enough

Smile network is not the issue but the nestoil that will acquire it and then bring in those guys that has been using that smile as an industrial attachment camp or 9ffice .

Acquiring it doesn't mean they are going to put the 1.2 b dollars down instantly but that they have assumed the responsibility for it and then have it structured ...they might put down 500m dollars and re borrow same with a different instruments and forward ....Na so business dey run

0809ja for life

Themandator:



Your patronage and whatever is made out of is secondary profit ...you are like those differnt groups that springs up during elections to endorse a candidate....they are a cover so that when he or she rigs the result we will all say that he had the endorsement of so and so group in so and so area ...he had the largest endorsement leading to the elections ....

Glo services are use extensively in Nigeria's oil sector as well as defence .... That is bulk transactions​ before your small chop is added

Besides ,Glo is a national carrier receiving payment from those networks using their duct for terminating international calls ...the only other national carrier is currently not as good as Glo ...the one that launched 4g recentlyin Abuja and Lagos ...can't recall the name now
Etisalat has no such advantage and is left to pick you guys

you're sounding like a diasporan, with very limited information about the actual Nigerian perspective. Do you know that Vodacom has a subsidiary in Nigeria where they target high value clients and mostly foreigners. Why haven't they declared profit compared to the conventional telecos?
I still insist these telecos made more their profit from daily 100 naira cards Nigerians load than from some high value clients paying infrequent dollars. Like as if they have a secret package for the elites that is hidden from the rest of us!

SalamRushdie:


We have 4 mobile telcos yet you think MTN has a monopoly going on and you have refused to destroy your MTN Sim till date

I didnt say you should destroy your MTN sim card, far from it.

Having only MTN as your network provider kills competition, You know how much a sim card cost when it forst came out? more than 20k, but as a result of other rivals they had to bring their price down.

you get the picture?

Greyworld:
What ever happens we can't accept MTN monopoly.

We would rather do a fund raising for Etisalat.

this cracked me up...i bet you didn't read N541 Billion correctly.

anyways etisalat subscribers always clamored for free stuff but never pay attention to the effect it has on the telecom industry's cost of operations as well as the economy in general.

lets keep observing in 3d

uzoclinton:
Mtn? I'm sure you made a mistake.. they are the only one doing it right in nigeria

Try Airtel bro.

matrixme:

you're sounding like a diasporan, with very limited information about the actual Nigerian perspective. Do you know that Vodacom has a subsidiary in Nigeria where they target high value clients and mostly foreigners. Why haven't they declared profit compared to the conventional telecos?
I still insist these telecos made more their profit from daily 100 naira cards Nigerians load than from some high value clients paying infrequent dollars. Like as if they have a secret package for the elites that is hidden from the rest of us!

it is not high value or high network individuals sir but bulk buyers of their product.....those firms relies on them to transmit documents from one location to another . Dstv uses them to run the entire business , banks use them to run their entire operation not calls and SMS

ExInferis:


Someone buy a heavily indebted, insolvent company which is burning through cash with no commensurate return?

Yeah right.

Only fools or Amcon would purchase this turkey.

can they throw their shares open to the public to buy... May be they can shore funds that way... Just asking

ponti93:
can they throw their shares open to the public to buy... May be they can shore funds that way... Just asking

For an IPO to be successful the investing public needs to see a healthy balance sheet first, not necessarily even a positive P&L.

With the kins of debt etisalat is carrying, best to dissolve the company and resell its license.

Only worry is the people who'd lose their jobs.

uzoclinton:
I've never used the network before... so me no care about them troubles

Everything has a ripple effect ... the job loss at etisalat may affect you, the loss of a competititor to the likes of Glo and MTN may affect you etc...

BiafraIShere:
Where you among those registering people for free facebook browsing on etisalat?

Yes oooo

ExInferis:


For an IPO to be successful the investing public needs to see a healthy balance sheet first, not necessarily even a positive P&L.

With the kins of debt etisalat is carrying, best to dissolve the company and resell its license.

Only worry is the people who'd lose their jobs.

thnks

NwaAmaikpe:


Paying Banky W so much for their theme song was their major undoing..

How much was he paid ?