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India’s Mahanagar Telephone Nigam Ltd (MTNL) said that it is investigating the possibility of taking a stake in Zambia’s landline and mobile operator – Zamtel. The company’s Chairman, Mr R.S.P. Sinha, told reporters that the company had signed an NDA with Zamtel, hence they cannot talk about it at this stage.
Zambia’s government plans to sell three-quarters of its stake in Zamtel to a private investor and eventually float the remaining 25% onto the local stock exchange. It is estimated that the company needs a capital injection of around $200 million, which cannot come from the government.
For the record, Zambia currently has three mobile network operators: Zain which holds 70% of the market, MTN with 20%, and Zamtel with 10%.
[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.
