Ann: Streamplay partners telco Digicel to launch products in Fiji, page-16

How much net profit is it making ? none.

What is the return on the cash sitting there? negative.
What do you expect the cash profit to rise to ? so that on a price earnings model, would invite shareholders to expect dividends ?
Its business is in third world markets with third world incomes.

They would do better ceasing all expenses, and putting the cash in a high interest bearing account, before it is returned to holders.

Or You can just keep dribbling along in third world markets, never climbing to any significant return of equity.
Why are sellers giving it away for under cash backing ?
Answer that then.

I suggest you make the case, and argue it that you believe that the earnings are going to climb to what ?