Zamtel Managing Director has said that that the telecommunications company is intact despite the freezing of Libyan assets in Zambia.
Hans Paulsen said that Zamtel is not affected by the freezing of the Libyan assets, and that operations of the company have continued normally.
Mr. Paulsen stressed that the Zambian government being a shareholder, with 25 percent stake in the company is overseeing the business of the company.
The Zamtel managing director stated that his team is working round the clock to ensure that the company remains relevant.
Amid controversy and public disapproval of the privatization of Zamtel, the Zambian Government in July 2010 sold 75 per cent of the state-owned fixed-line phone operator to Libya Africa Investment Portfolio (LAP) for $257 million.
Zambia owns the remaining 25 per cent of the shares.
LAP Green Network is a component of the Libya-Africa Investment Portfolio, which is part of the Libyan Investment Authority, the sovereign wealth fund for the North African nation.
Mr. Paulsen made the remarks during a media briefing in Lusaka this Morning.
QFM
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:o
mwa ona kusamvela ba RB bantu benzo mi uza about the deal but u decided to ignore.this is not gug at all.
Ba Tata ba RB you see what you have done what goes around comes around i hope we brothers and sisters at Zamtel wont be affected ,
Privatizing Zamtel was in the best interest of the country and employees because as an efficient loss making parastatal then Zamtel was merely draining much needed resources to stay artificially in business. Offloading it helped the national treasury to increase funding to other critical socioeconomic areas such as the health sector and schools recording highest resource injection like never before. In the same vein, as a private entreprise Zamtel has become efficient and profit making again. LAP Green was a competitor like any other bider and GRZ was paid full value. In this case there is no loss to the country because the contract of sale was fully executed and all assets remain in the country.
i think your grey hairs are affecting your thinking
senior citizen u are a very wise person great comment.
Meant to say “an inefficient”
as an inefficient loss making parastatal then Zamtel was merely draining much needed resources to stay artificially in business.
ZAMTEL’s problems had nothing to do with its ownership, but its management. We should have fired the whole lot in its management and recruit winning personnel. In addition, parliament should have passed a law to ring-fence the company from political abuses. There is no proof that privatizatiion is a panacea!! Only useless people would sell a company based on reports from an incompetent management team.
Ba PF, for a change landeniko ifya mano please.
they are still inefficient with Ugandans running the system they don’t understand.Why do we have less belief in ourselves.no wonder we are a failed nation. Foreigners always make more sense to governments of this nation. Why should we have south africans to come and configure MPLS networks when we can do it? Why have Ugandans come to setup sms systems when we have people who can do it? Why have the scratch cards printed in Uganda when it can be done here?
The management failed and why?it’s because government always interfered ,appointing puppets who had no technical and financial understanding of running a telco..
what a shameful country…our children will never forgive us for these crimes!!!