Starcomms Denies Acquisition Deal

Starcomms Plc has denied the rumours making the rounds in the telecoms industry that it had opened discussion with another operator on the possibility of being acquired.

Chief Executive Officer of the company, Mr. Logan Pather, in a chat with journalists in Lagos Wednesday disclosed that the company was currently undergoing a remarking process and was 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 telecommunication industry”.

Pather assured stakeholders of the company of better days ahead saying the board and management were making dogged efforts to ensure better service delivery.

He reiterated that his agenda for the company was 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 cuttingcosts. We have made significant in-roads in cost reduction. Besides,what will differentiate us from other operators is the top-class customer service delivery,” Pather pointed out.

He said the company was 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 was 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 be innovative.”