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Equity Bank unveils its MVNO strategy
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Mainat
#681 Posted : Wednesday, July 01, 2015 11:31:46 AM
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Helios is exiting to fund its other activities and is obviously looked at its most liquid investment
Sehemu ndio nyumba
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The optimist
#682 Posted : Monday, July 20, 2015 9:23:51 AM
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Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.
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mlennyma
#683 Posted : Monday, July 20, 2015 9:42:45 AM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

anyone opposed to this should be declared dominant smile
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#684 Posted : Monday, July 20, 2015 9:47:59 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
mlennyma wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

anyone opposed to this should be declared dominant smile

Kabisa smile
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KulaRaha
#685 Posted : Monday, July 20, 2015 9:52:35 AM
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Joined: 7/26/2007
Posts: 6,514
mwekez@ji wrote:
mlennyma wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

anyone opposed to this should be declared dominant smile

Kabisa smile


I primarily use airtel, and only use Safcon for Mpesa. Should I be excited?
Business opportunities are like buses,there's always another one coming
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Othelo
#686 Posted : Monday, July 20, 2015 9:53:29 AM
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Joined: 1/20/2014
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mwekez@ji wrote:
mlennyma wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

anyone opposed to this should be declared dominant smile

Kabisa smile

Safcon aka Bob smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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hisah
#687 Posted : Monday, July 20, 2015 10:03:11 AM
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Joined: 8/4/2010
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The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

For free? d'oh!

If 5M users opt for the thinsim that's a cost of 3B. Who will foot that bill?

For a discount makes sense due to cost implications.

For free would only make sense with a cap. Says for the 1st 100K users to apply.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Nabwire
#688 Posted : Monday, July 20, 2015 10:20:08 AM
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Joined: 7/22/2011
Posts: 1,325
hisah wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

For free? d'oh!

If 5M users opt for the thinsim that's a cost of 3B. Who will foot that bill?

For a discount makes sense due to cost implications.

For free would only make sense with a cap. Says for the 1st 100K users to apply.


But thats 5M users that they will have potentially poached from Safaricom! What are the long term revenues they stand to gain from these 5M in the long term?
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enyands
#689 Posted : Monday, July 20, 2015 11:17:48 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Nabwire wrote:
hisah wrote:
The optimist wrote:
Mw angi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

For free? d'oh!

If 5M users opt for the thinsim that's a cost of 3B. Who will foot that bill?

For a discount makes sense due to cost implications.

For free would only make sense with a cap. Says for the 1st 100K users to apply.


But thats 5M users that they will have potentially poached from Safaricom! What are the long term revenues they stand to gain from these 5M in the long term?


When a company is hooking you to cigarettes they do offer a lot of free samples .once nicotine gets fully installed into you system then you find yourself giving money generously to the same company that hooked you to free sample . It's free for now but once they enjoy the services that they can't do without then charges will be introduced later .that simple
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watesh
#690 Posted : Monday, July 20, 2015 12:43:48 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Nabwire wrote:
hisah wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

For free? d'oh!

If 5M users opt for the thinsim that's a cost of 3B. Who will foot that bill?

For a discount makes sense due to cost implications.

For free would only make sense with a cap. Says for the 1st 100K users to apply.


But thats 5M users that they will have potentially poached from Safaricom! What are the long term revenues they stand to gain from these 5M in the long term?

Finserve CEO said thin SIM card is not free. It will come at a cost. Most likely 600 just like ATM card
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sparkly
#691 Posted : Monday, July 20, 2015 1:02:59 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
watesh wrote:
Nabwire wrote:
hisah wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

For free? d'oh!

If 5M users opt for the thinsim that's a cost of 3B. Who will foot that bill?

For a discount makes sense due to cost implications.

For free would only make sense with a cap. Says for the 1st 100K users to apply.


But thats 5M users that they will have potentially poached from Safaricom! What are the long term revenues they stand to gain from these 5M in the long term?

Finserve CEO said thin SIM card is not free. It will come at a cost. Most likely 600 just like ATM card

Equity people are very loyal. They can even pay 2000 for the card.
Life is short. Live passionately.
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maka
#692 Posted : Monday, July 20, 2015 1:23:03 PM
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Location: Nairobi
Discount of 100...it will be sold @ 500 then you get 200 bob credit.
possunt quia posse videntur
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The optimist
#693 Posted : Monday, July 20, 2015 1:46:00 PM
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Posts: 521
Location: Nairobi
maka wrote:
Discount of 100...it will be sold @ 500 then you get 200 bob credit.

True.
Apparently the THIN SIM is not free.
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VituVingiSana
#694 Posted : Monday, July 20, 2015 2:53:41 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
hisah wrote:
The optimist wrote:
Mwangi has formerly launched the ThinSIM today in the launch of Equitel. They say the thin sim costs Ksh 600 to manufacturer but will be offered free of charge.

For free? d'oh!

If 5M users opt for the thinsim that's a cost of 3B. Who will foot that bill?

For a discount makes sense due to cost implications.

For free would only make sense with a cap. Says for the 1st 100K users to apply.

1) Not all folks will opt for the Thin-SIM since many have dual-SIM phones.
2) Not all 5mn will apply for the Thin-SIM in this financial year so the cost can be spread out.
3) The cost per SIM will drop over time.
4) Just as Safaricom sold a SIM for 99/- (when Airtel used to charge 999/-) & boosted their subscriber base by millions so will Equity recoup the 3bn.

The ThinSIM can be offered free OR charge 600/- but offer a 'credit' of 600/- so Equity isn't putting up cash upfront while encouraging folks to use Equitel.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#695 Posted : Monday, July 20, 2015 2:56:38 PM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
maka wrote:
Discount of 100...it will be sold @ 500 then you get 200 bob credit.

Poor move. Granted it means the 'cost' is 300/- after the credit to the customer.

The ThinSIM should be offered free OR charge 600/- but offer a 'credit' of 600/- so Equity isn't putting up cash upfront while encouraging folks to use Equitel.

If you sell it on the basis of 'free' [after rebate] then you get a better uptake. Safaricom did that with modems for 1,999/- with 2,000/- of data. One ends up using much more data than the 2,000/-...

HP sells us 'cheap' printers & then expensive ink cartridges. They make much more money on the latter than they lose on the former.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Nabwire
#696 Posted : Monday, July 20, 2015 3:13:15 PM
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Joined: 7/22/2011
Posts: 1,325
VituVingiSana wrote:
maka wrote:
Discount of 100...it will be sold @ 500 then you get 200 bob credit.

Poor move. Granted it means the 'cost' is 300/- after the credit to the customer.

The ThinSIM should be offered free OR charge 600/- but offer a 'credit' of 600/- so Equity isn't putting up cash upfront while encouraging folks to use Equitel.

If you sell it on the basis of 'free' [after rebate] then you get a better uptake. Safaricom did that with modems for 1,999/- with 2,000/- of data. One ends up using much more data than the 2,000/-...

HP sells us 'cheap' printers & then expensive ink cartridges. They make much more money on the latter than they lose on the former.


I completely agree! People love 'free' things, even though free is really expensive. Offer 'Free' stuff, hook them then create barriers to ensure they wont get out. Opportunity lost for Equity, now a Safcom person has no incentive to leave it and try Equitel. Kwani they dont have consultants advicing them? Hebu wanicontact, niwape bei ya jioni smile
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alma
#697 Posted : Monday, July 20, 2015 3:27:11 PM
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Joined: 7/20/2007
Posts: 4,432
I think guys are really losing the plot with this equitel thing. Probably safcom shareholders.

The biggest complaint against safcom products has been their shylock costs. Even that okoa jahazi would never be allowed in terms of its interest rates.

Last week safcom had to deal with airtel and it was still not enough.

I've used the equitel thing and no longer use mpesa. Catch me dead being fleeced again.

Today just 10 minutes ago I was asked by my bank manager to just test their ezzyloan.

mmmhh so I tested with 10k. Guess what, got it 2 minutes flat and I'm only going to pay back 200 bob. Still shylock rates but please compare to the 7.5% mshwari.

Guys, this is a game changer and woe unto the other players if they don't take it seriously.

I used to hate equity but still kept an account. Now I'm back. I prefer to borrow cheap and get fleeced less. What say you?
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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VituVingiSana
#698 Posted : Monday, July 20, 2015 4:20:07 PM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Nabwire wrote:
VituVingiSana wrote:
maka wrote:
Discount of 100...it will be sold @ 500 then you get 200 bob credit.

Poor move. Granted it means the 'cost' is 300/- after the credit to the customer.

The ThinSIM should be offered free OR charge 600/- but offer a 'credit' of 600/- so Equity isn't putting up cash upfront while encouraging folks to use Equitel.

If you sell it on the basis of 'free' [after rebate] then you get a better uptake. Safaricom did that with modems for 1,999/- with 2,000/- of data. One ends up using much more data than the 2,000/-...

HP sells us 'cheap' printers & then expensive ink cartridges. They make much more money on the latter than they lose on the former.


I completely agree! People love 'free' things, even though free is really expensive. Offer 'Free' stuff, hook them then create barriers to ensure they wont get out. Opportunity lost for Equity, now a Safcom person has no incentive to leave it and try Equitel. Kwani they dont have consultants advicing them? Hebu wanicontact, niwape bei ya jioni smile

The 'chairman' of Equitel is an arrogant chap who will argue with anyone just coz he wants to feel important.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#699 Posted : Monday, July 20, 2015 4:21:46 PM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
alma wrote:
I think guys are really losing the plot with this equitel thing. Probably safcom shareholders.

The biggest complaint against safcom products has been their shylock costs. Even that okoa jahazi would never be allowed in terms of its interest rates.

Last week safcom had to deal with airtel and it was still not enough.

I've used the equitel thing and no longer use mpesa. Catch me dead being fleeced again.

Today just 10 minutes ago I was asked by my bank manager to just test their ezzyloan.

mmmhh so I tested with 10k. Guess what, got it 2 minutes flat and I'm only going to pay back 200 bob. Still shylock rates but please compare to the 7.5% mshwari.

Guys, this is a game changer and woe unto the other players if they don't take it seriously.

I used to hate equity but still kept an account. Now I'm back. I prefer to borrow cheap and get fleeced less. What say you?

And all the more reason for Equitel to give out cheap/free SIMs so folks get on the bandwagon without 'thinking' about the 500/- SIM.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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alma
#700 Posted : Monday, July 20, 2015 4:41:13 PM
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Joined: 7/20/2007
Posts: 4,432
VituVingiSana wrote:
alma wrote:
I think guys are really losing the plot with this equitel thing. Probably safcom shareholders.

The biggest complaint against safcom products has been their shylock costs. Even that okoa jahazi would never be allowed in terms of its interest rates.

Last week safcom had to deal with airtel and it was still not enough.

I've used the equitel thing and no longer use mpesa. Catch me dead being fleeced again.

Today just 10 minutes ago I was asked by my bank manager to just test their ezzyloan.

mmmhh so I tested with 10k. Guess what, got it 2 minutes flat and I'm only going to pay back 200 bob. Still shylock rates but please compare to the 7.5% mshwari.

Guys, this is a game changer and woe unto the other players if they don't take it seriously.

I used to hate equity but still kept an account. Now I'm back. I prefer to borrow cheap and get fleeced less. What say you?

And all the more reason for Equitel to give out cheap/free SIMs so folks get on the bandwagon without 'thinking' about the 500/- SIM.


True Vituvingi but I bet they are depending on the current negativity on safaricom. Now couple that with the diehard equity fellows and now you have a real war coming.

The true gainer in this is airtel and the consumer.

Trust me, in that equity line, few will think that Mr. CEO is being a cheapskate. lol which he is.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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