Joe on IOL Technology

I was quoted in an IOL article: Landmark judgment liberates VANS

It’s going to be interesting how many new national telecoms operators pop up… 3, 6, 10? You need a good chunk of change to build network infrastructure.

Reminds me of a theory from iWeek a year or two ago.. somebody commented on why the ISP/ICT industry was not “representational” (too many white faces).. he figured that smart BEE investors would not be interested in telecoms: too risky, unstable, low margins, fast moving, hard to predict.. and very capital intensive.

It is ridiculous to call this an industry. This is not. This is rat eat rat, dog eat dog. I’ll kill ’em, and I’m going to kill ’em before they kill me. You’re talking about the American way of survival of the fittest. — Ray Kroc, founder of McDonald’s

Comes down to a simple question.. how long do you need to have that fibre in the ground before you recover your costs and what else could you have done with your money?

Don’t get me wrong, I’m very happy with the news that VANS get IECNS licenses, but this is the very beginning of a long journey..