Only three bid for Zamtel

Only three suitors to buy shares in Zamtel submitted bids after nine were shortlisted.
The bids were opened by Zambia Development Agency (ZDA) this afternoon.
India’s Bharat Sanchar Nigam Ltd , Angola’s Unitel and Libya’s LAP Greencom have submitted bids to acquire Zamtel, Zambia’s fixed-line telephone operator.
The submission of offers for Zamtel marks the start of the final process.
The following companies decided not to bid after being shortlisted in October as suitors: South Africa’s Telkom, India’s MTNL and Russia’s Altimo, a consortium of Egypt’s Orascom Telecom and its subsidiary Telecel Globe.

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