When President Michael Sata reverses the sale of Zamtel to Libya’s LAP Green Networks, he will give it to Angola’s Unitel, highly placed sources have revealed.
Angolan sources have revealed that this is one of the messages former president Kenneth Kaunda delivered to Angola a few weeks ago.
Unitel was one of the three main bidders to buy Zamtel along with Lap Green and India’s Bharat Sanchar Nigam Ltd.
The company is owned by Portugal Telecom, Angolan state-owned oil company Sonangol and local firms Geni and Vidatel, each hold 25 percent of Unitel.
Isabel dos Santos, the first born daughter of Angola’s ruler has a very big stake in Unitel. She has Ten per cent shares in Portugal Telecom, which co-owns Unitel. Isabel is considered to be one of the ten richest women in Africa, according to Forbes Magazine.
President Sata has already announced his intentions to grab Zamtel from Lap green Networks.
When he just became president, he appointed a commission of Inquiry led by his minister of Justice to investigate the sale of Zamtel.
When the commission of Inquiry gave its findings to the president, he announced that cabinet, which he chairs, will decide what to do. The chairperson of the commission of Inquiry Sebastian Zulu who is also the minister of Justice is a member of the cabinet.
“If cabinet decides then we will have no choice but to reverse the decision,” Sata said after Justice Minister Sebastian Zulu reported that the sale of the company was fraudulent and illegal as LAP Green failed the pre-qualification tests and Zamtel was undervalued.
But is has now come to light that the decision to reverse the sale was made a long time ago.
When Sata sent first president Kenneth Kaunda to and apologise to Angola over Zambia’s treachery and aiding of rebels in that country, he also told him to go and tell Dos Santos that Zamtel will be given to Angola.
The problem is that, Lapgreen network has decided to fight back and protect its money in Zamtel.