Maravi

(LUSAKATIMES) Zamtel to cooperate with state on probe

Zamtel to cooperate with state on probe
TIME PUBLISHED - Friday, September 30, 2011, 7:06 pm

Zamtel says it will cooperate with the new government in its probe on the sale Zamtel by the MMD government.

Zamtel managing director Hans Paulsen says the company will continue operating normally and has pledged to work with the commission that has been constituted to investigate the sale of Zamtel which saw Libya’s Lap Green Network acquire a 75 percent stake while the Zambian government retained 25 percent shares.

Mr. Paulsen was speaking to journalists in Lusaka today.

The sale Zamtel was condemned by some stakeholders after the then minister of communications Dora Siliya single sourced RP capitals of Cayman Islands to evaluate Zamtel assets and find an equity partner for government.

Meanwhile, Zamtel has signed a memorandum of understanding (MoU) with World Vision to deliver water anode sanitation programmes to rural and peri-urban communities at a cost of K1.5 billion.

Mr. Paulsen said the MoU is in line with Zamtel’s objective of rolling out its water for life project which will see the company sink and rehabilitate boreholes country wide.

And World Vision national director Michael Veitenhans said world vision will continue partnering with the other stakeholders in implementing developmentalprogrammes for the benefit of Zambians.
QFM

Labels: DORA SILIYA, FDI, LAP GREEN, LIBYA, PRIVATISATION, RP CAPITAL PARTNERS, ZAMTEL

posted by MrK @ 5:55 AM