Disqus
Things are moving towards liberalisation of the telco market around the world. Latest international news we caught involves Zambia where government plans to sell three-quarters of its stake in the state-owned Zambia Telecommunications Corporation (Zamtel) to a private investor and eventually float the remaining 25% onto the local stock exchange.
According to President Banda, this kind of partial privatization is the only way to resolve the financial problems the company is facing. Apparently, Zamtel needs a capital injection of around $200 million.
For the record, an attempt to sell the stake earlier this year to a private equity group became mired in political controversy, due to judicial investigation which was ordered into Communications and Transport Minister, Dora Siliya.
Zambia currently has three mobile network operators — Zain, MTN and Zamtel — which hold 70%, 20% and 10% share of the market, respectively. Until Zamtel is returned to economic viability, there are no plans to offer additional operator licenses in the country…
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
