The news of the proposed sale of Zain has been around for a while. However, the CEO of Zain’s African operations claims that Zain Africa is not for sale.
Sounds odd. Zain Africa is not an autonomous unit apart from the global Zain operations. If Zain global is selling, surely wouldn’t this affect Zain Africa? But the CEO seems to know this. Hear him:
Zain Africa isn’t for sale. We are focused on our objective of becoming a top-10 mobile player globally by 2011. There is absolutely no lack of focus in Africa. There is always great appetite for expansion…
Whether shareholders decide to sell is entirely up to them. Shareholder matters are outside the scope of my responsibility.
Ahem. Looks like Zain Africa is up for sale. The last time we checked, that’s what the shareholders said.
Sources: The Punch newspaper; All Africa
This post was written by
Mister Mobility – who has written 922 posts on Mobility blog.
Founder, Mobility blog, serial lifestyle entrepreneur, speaker, & writer. Charming, passionate, tenacious & non-conformist. Will dance! Follow him on Twitter @Mister_Mobility.
Related posts:
November 23rd, 2009 at 11:13 pm Browsing with
Oga Zain CEO, is this ambivalent ambiguity or ambiguous ambivalence?. Why make a definitive statement on something ‘outside the scope of your responsibility?’
Ownership can change. Name can change. Branding may metamorphose. Who cares? It is an elevated Q of O (Quality of Service) we are after!
Like or Dislike:
0 
0
November 25th, 2009 at 1:10 am Browsing with
I don’t think Zain can afford to lose it’s Africa operations because the African mobile market is not as saturated as the European market. Here in Nigeria i believe there is till room for more expansion, but if the shareholder want to go ahead and sell the company then then i cant see them becoming a top-10 mobile player globally by 2011.
Like or Dislike:
0 
0