Starcomms Refutes Acquisition Deal

Mr. Logan Pather,

Starcomms Plc, the leading Code Division Multiple Access (CDMA) operator in the Nigerian telecommunications industry has denied the rumours making rounds in the telecoms industry, that it has opened discussion with another operator on the possibility of being acquired.

Mr. Logan Pather, Chief Executive Officer of the company disclosed this in his office on November 29, 2011, remarking that the Company is currently trading and is making strategic plans on how to expand its business operation in the country, both through organic and inorganic means.

In his words, “We are not discussing acquisition deal with anybody, but we will not rule out potential partnerships given the challenges in the telecommunications industry”.

The Chief Executive Officer of the only telecommunications company listed on the floor of the Nigerian Stock Exchange assured stakeholders of the company of better days ahead, as the board and management are making dogged efforts to ensure better service delivery.

Pather reiterated that his agenda for the company is to acquire more subscribers, become extremely efficient in cost cutting and deliver returns to shareholders.

“My agenda for this company is to make it stronger and competitive with the right partnerships. I have to make sure I acquire more subscribers. I must ensure that we are extremely efficient when it comes to cutting costs. We have made significant in-roads in cost reduction. Besides, what will differentiate us from other operators is the top-class customer service delivery”.

He said the company is presently considering expanding to more cities in the country in a bid to improve its coverage, adding that the company values its customers greatly and is constantly doing everything possible to enhance better service delivery to them.

According to him, efficiency is what we are after, as we are pioneers of a lot of the telecoms’ technologies in Nigeria. We are looking at further ways to improve our business and we will continue to innovate.