ZDA looks for equity partner for Zamtel (Zambia)

www.WirelessFederation.com/news: The Zambia Development Agency (ZDA) reportedly unveils that an equity partner for the Zambian incumbent Zamtel will be chosen through an open tender process. Moreover, the announced that the tender would be open to both local and foreign companies.
The announcement was made after the governement last month announced the sale of a 75% stake in the telco in a bid to save it from collapse; the remaining 25% will be retained by the state.
The winner of the tender will receive its stake in Zamtel by January 2009, which will cost around USD200 million to capitalise the ailing operator.