The Zambia Development Agency (ZDA) has announced the inclusion of the bid submitted by Altimo for a majority equity stake in Zambia Telecommunications Limited (Zamtel).
ZDA Acting Director General Muhabi Lungu explained that the bid by Altimo of Russia was received five minutes after submission deadline of 15:00 hours Zambian which he said could not be opened because it came in late.
He further explained that ZDA decided to go for a board meeting to decide whether or not to accept the submission from Altimo.
He said the meeting considered the bid and accepted it.
Mr. Lungu told ZANIS in a press statement in Lusaka today that the decision was largely based on the fact that the Altimo bid was received before the other bids were opened by the ZDA and that no evaluation or adjudication of the other three bids has been undertaken yet.
Mr. Lungu noted that as a result of the board’s decision, the assessment of the bids will include UNITEL of Angola, Bharat Sanchar Nigam Limited (BSNL) of India, LAP Greencom LTD/LAP Green Networks of Libya and Altimo of Russia.
He pointed out that the ZDA will evaluate all the four bids and will announce a shortlist of companies or consortia that will be invited to the next stage of the privatization of Zamtel.
“Shortlisted companies and consortia will be invited to conduct further due diligence on Zamtel and will be asked to submit a binding bid for a majority equity stake in the company at the end of the next phase “he said.
The next phase of the Zamtel privatization and details on the indicative bids received will be announced on 11th January 2010.
ZANIS
This corruption. Awe bwafya. The ZAMTEL corruption saga continues.
While we Zambians are busy cheering our favorite politicos and jeering our least favorites, both sides are pursuing the policy of the destruction of Zambia.
We are being sold out. We are being transformed into a society of complete control, where those at the top completely dominate and enslave those below them.Zambians are being herded into pens like cattle. Why? Because of the phony left-right paradigm(MMD-PF/UPND) that mentally enslaves us all.
There’s a beautiful Russian girl in tight, silky lingeries on the right side of my screen to match with the story at hand. Lead me not into temptations…
I personly think its okey,because looking at the succeful bidders those selected there was not going to be stiff competion imagine Angola,India and Libya?
Well,well,well Zambians….if these companies were performing well why are we selling them?why are the services below mediocre?why do we complain when someone wants to improve services?if they are going to make money and improve services why not?if you have a better plan then damn you run the thing to profitability or else STFU!Zambians love complaing and moaning like old women,when are we going to own up and be responsible?may the best company win as for me i will form my own to compete with these money boys….the rest of you can all go to hell in a basket!!!!!!!!!!!!