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{
    "id": 512378,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/512378/?format=api",
    "text_counter": 435,
    "type": "speech",
    "speaker_name": "Hon. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Hon. Deputy Speaker, I beg to move the following Motion:- THAT, this House adopts the Special Report of the Public Investments Committee on the Recapitalisation and Balance Sheet Restructuring of Telkom Kenya Limited, laid on the Table of the House on Tuesday, 29THApril, 2014. The privatisation of Telkom Kenya was started in the year 2007. The process was undertaken through bidding to identify strategic partners to purchase 51 per cent shares of Telkom Kenya from the Government of Kenya. The following firms registered with Telkom and purchased bid documents: France Telecom S.A, Telkom South Africa, Reliance Communications of India, LAP Green Network, Alcazar Capital Limited, MTNL (India), VSNL Tata (India) and Sudatel (Sudan). The following four out of the eight companies presented their bid documents, including technical and financial proposals, prior to the submission deadline: France Telecom S.A, Telkom South Africa (TSA), Reliance Communications of India and LAP Green Network. The four bids were subjected to both technical and financial evaluation and eventually three bidders met both the technical and financial evaluation. These were France Telecom S.A, which had joined in consortium with Alcazar Ltd, at a figure of 390 million US dollars, Telkom South Africa (TSA) which quoted USD282.8 million and Reliance Communications of India which quoted USD221.001 million. As per the Request for Proposals (RfPs), France Telecom S.A in consortium with Alcazar Capital Limited through the Orange East Africa Limited (OrEA) presented the The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}