Good job done by Seacom so far is commendable. So I take a moment to try and figure out who Seacom is and according to their website, “SEACOM is a Mauritian company owned 75% by African investors as a collaboration between East and Southern Africans and owns 100% of the SEA International Cable. A small [...]
Good job done by Seacom so far is commendable. So I take a moment to try and figure out who Seacom is and according to their website, “SEACOM is a Mauritian company owned 75% by African investors as a collaboration between East and Southern Africans and owns 100% of the SEA International Cable. A small group of Investors with proven access to both debt and equity, were selected specifically because they were not national telecommunications operators thus avoiding value chain interference by to separating the ownership of the asset from its use” That is good for PR. Just before that paragraph, there is a small chart of cable ownership and it leaves me wondering why Kenya and Tanzania has to own only 35% of the cable in our countries while Seacom owns the other 65%. Looking at all the other countries where Seacom is present, the country owns 100% of the cable.
I just have questions, why cant we be 100% owners? What are the direct implications on cost to the consumer for that? What were the ownership options and is it that we didnt have investors with the capacity or was it dictated or politically “arranged”? So far, Seacom cant even release the list of ISPs buying bandwidth from them something that makes me even get more questions.
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One Response
Hi there, I have been following the tour around establishing the cable connection to Kenya. Its all about getting to the point where “its our time to eat”..
For example: A 3G connection or an ADSL connection cost over 20 times more in Kenya than in Europe or US. 1 Mbps is less than 400 ksh in Europe and US and 6999 ksh here, why? Because you live in a vampire economy where the state has absolutely no control over the market. Lucky People of Kenya! And don’t think the Government is going to change that because they and their associates are in fact the very people who benefits from this scam.
And they will pay just about the same for the traffic in that cable as the rest of the players in this sector in the rest of the world. You better believe it…. So there are huge profits to be made from this and orange and other see that and of course try to control the drop of prices. Or better form a cartel, (which they probably already have done) with the other companies in the market to stop the price from going down to much. Just so much as to please the public opinion a little bit. But the public will still be cheated of the major part. Free Market ?? No way jose!
/ZAPPA