ZDA advertises Zamtel sale in SA

ZamtelLogoZambia is seeking buyers for a 75 percent stake in Zambia Telecommunications Co. Ltd., according to a statement published by the Zambia Development Agency in the Johannesburg-based Business Day newspaper today (Tuesday.)

The government will retain 25 percent of the telecommunications company, which it may later sell through an initial public offering on the Lusaka Stock Exchange, the agency said.

The sale of 75 per cent shares in Zamtel to non-Zambians is hotly opposed in Zambia.

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