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.