Stake sold to helios, a Nigerian P.E fund. Don’t know what to make of this, hard to understand their game plan. Labda they will cannibalise the assets, or fold the telco and just own the infrastructure or finally they may flip it to china mobile or mtn or ATnT for some good mullah
MTN was heavily fined for failing to block unregistered users. The CEO resigned this morning.
Helios looks like a growth fund. They flip equity once it’s valuable enough. Now they have Orange & Acorn? I’d like to see their portfolio…
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Though typically Nigerians have aggressive sales approaches. Ni waChinku in a way. We may just benefit.
problem with kenyans is brand loyalty will complain against safaricom na hamuta hama
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