Transcorp Board Reconstituted: Are They Ready To Fly?

Don't get it twisted, I only replied your previous post.
"they were not in coma when they bought a comatose NITEL" simply means they i.e. Transcorp was not in coma when it bought NITEL and so they should rise up and start producing results that will speak for themselves, afterall that was why it was sold in the first place- RESULTS, quality service at an affordable price.

Gone are the days of  the NITEL monopoly, there is competition out there!
The only thing that is still keeping NITEL is (B2B) the services they render to other telecomms companies in naija and the truth is there is more money in it. When it comes to the service they render to subscribers i.e individuals and businesses they have failed woefully.

Yet in all of these it's not too late, NITEL is still a goldmine anytime anyday, time will tell. Besides I'm aware of three major projects that if well implemented will turn things around for good. Two of them almost done(started and paid for by the previous NITEL) and the third a Transcorp idea.

So far transcorp has not done well, they are too slow for me but I choose to be hopeful because there is no reason why they should not do well. There is no amount invested that they can't recover if the mgt is good and the right decisions are taken on time.



What you don't know is that beyond the scenes you get to watch alot has happened behind the scene.

Don't forget that the same IIL turned out to be what you know as Globacom today, was it really a money problem that stopped them?

Pentascope could not have turned NITEL around because that was not their mission- they were supposed to kill, steal and destroy and that was exactly what they did! As soon as their mission was accomplished they fled to their country. Several billions were stolen, NITEL pension reserve was tampered with and loans were gotten from banks. The National Assembly took up the matter but eventually it was all buried. El- Rufai, baba's son was involved.

Before they came the Union of NITEL had traveled to their country to verify their claims and discovered that Pentascope was just a mushroom die minute arrangement. As a matter of fact they were not a tel. company like they claimed. A comprehensive report was passed to the Minister of communication and the then BPE boss El-Rufai. Still they went ahead because Pentascope was not coming to the nation on their own, some Nigerians were behind them and looting was the whole idea.

Orascom, you know because they were allowed to get to the bid table, how about those who did not come close to the bid table, not because they were not good enough but because they posed a threat to the pre-written script.

No Crystal ball, the whole NITEL privatization agenda had differnt phases, I was refrring to the last phase that had players like Transcorp, Orascom and the rest.


Tom Isegohi is just coming in and I think he should be given a chance, he only needs to surround himself with people with solid ICT knowledge and take bold steps.

As for the share price slump it was simply inevitable! It happened as a result of the lifting of the technical suspension on it which was long overdue. Mr Tom has nothing to do with it. Besides Trancorp never promised any short term miracle returns so the fall in share price should not be a surprise, it happens to all stocks at different stages for different reasons.



 

They are taking too much time.

Transcorp is preparing to fly with the coming on board of Iseghohi and the reported cisco N30 or something billion investment penciled down as reported recently in some new media . The Share Price will finally be ready to take off when these equipment land and whe people start seeing some improvement in Nitel services. Then people on the sidelines will move in to take position and the price may start lifting off. For those wanting to be sure of their money, that is those who will not like to invest based on faith or speculation they should wait for these amber lights. Before green light comes the price should already be in the N20+ range and even then you should still be able to catch a lift with less risk dropping i.e. loosing money.

Pure Madness 

Does Transcorp have a website?

So all this while they were crawling with their belles like lizard, pacing like chameleon. how very unfortunate!!