Well i should say finally Zain has latched on the one thing that can unlock Safaricom’s dominance in this market since they will stop the clubbing effect that Safaricom has been promoting. It would be interesting to see how the other players react especially Safaricom.
Coming to the aspect of Safaricom shares i totally disagree with you. Safaricom will continue being a a blue chip stock in the local NSE market as much as thier share price is declining. Unfortunately Kenyan’s always approach IPO’s as a chance to make quick money without looking at the company fundamentals
As for the case of Mobitelea that never influenced the pricing of shares neither or the sale to the public. It would be interesting to find out what the price of the shares will be once the market gets off its current bear run.
But Kudo’s to Zain the Vuka tariff is a brilliant idea