Zain Africa not for sale?
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
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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!
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.