The Zambian government has reportedly taken control of the country’s monopoly fixed line operator Zambia Telecommunications Company (Zamtel), reversing the hotly-debated June 2010 sale of the telco to Libya’s LAP Green Network. As previously reported by CommsUpdate, in November 2011 the country’s president, Michael Sata, who assumed office just two months earlier, announced that the sale of Zamtel to LAP Green could be reversed following an inquiry which found that the telco was illegally sold. The Libyan company acquired 75% of Zamtel in June 2010 for USD257 million amidst widespread criticism that the transaction was not transparent.
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OVETEL Zamtel sale reversed as government retakes control of telco
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