Telcos of India, Libya & Angola bid for Zamtel

www.WirelessFederation.com/news: Three companies from India, Libya and Angola, have submitted their bids for state-run Zambia Telecommunications Co. also known as Zamtel in its partial privatization.

The bidding period ended with the submission of these three offers in Zamtel, informed the acting director general of the Zambia Development Agency, Muhabi Lungu.

According to Lungu, LAP Green of Libya, Unitel of Angola and Bharat Sanchar Nigam of India have submitted their offers to buy up to a 75% stake in the company.

In October the list of suitors had came down to eight from the 30 firms who had earlier shown interest. Criticizing the sale, the opposition party said that Zambia should retain a larger stake in the company. The shortlisted candidates will be announced by January11.