Zamtel to be part-privatised

5 Dec 2008

State-owned telco Zambia Telecommunication Company (Zamtel) is set to be partly privatised, All Africa is reporting. Dora Siliya, Zambia’s communications and transport minister, announced the plan, stating that the move was proposed to prevent the operator from financial and operational collapse. The operator’s value will first be determined, with an asset evaluation company to be appointed by the end of the week; the evaluation is expected to be completed by the end of the year. A strategic partner will then be sought, and a tender process is likely to be held by April 2009. The news comes less than a month after reports of strikes by Zamtel workers after the operator announced it could not increase salaries due to its loss-making operations.

Zambia