The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst
: Oh, yes. (inaudible) operation. But firstly, congratulations on all the announcements. Ralph, we definitely don't think you guys have been sleeping.
I think since you guys have taken over, you've been moving ahead with your -- all of the ambitions that you guys have had, faster than your 5G
data speed, so well done on that.
I've got some questions mainly around your SA tower deal. Obviously, the amount you sold, it seemed a bit low than what a lot of us were looking
for. But you have articulated that there are some favorable -- what sounds like some favorable lease costs going forward. You've obviously included
power as a service, so -- and there's also a BEE component. I don't know if you can give us a little bit more color on, firstly, what is the, call it, discount
on market-related leases that you've negotiated. And then on power as a service, I would assume that prior to this, each network operator has to
maintain their own backup service or backup power service on their sites, including co-located sites. And what did that cost MTN South Africa
before the [tower] you went through? And lastly, the 30% BEE shareholding, is there some cost involved for a BEE deal within this transaction?
Question: Jonathan D. Kennedy-Good - JPMorgan Chase & Co, Research Division - Analyst
: I just wanted to ask on the power as a service contracts. How -- just out of interest, across your network, how much downtime is there on average
where Eskom is not supplying power? So say, 5% of the time? 10% of the time? And how do you expect that to evolve? And are these contracts
structured such that diesel would be passed through as a cost to the business? And would the CapEx that's required to be put down at site to create
the backup and the formal generators, would that be passed on or is that IHS' -- for their tab?
Question: Jonathan D. Kennedy-Good - JPMorgan Chase & Co, Research Division - Analyst
: And just the follow-up on CapEx. If Eskom becomes less reliable, the CapEx for generators to be installed more widely, who bears that cost?
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