Business

ZAMTEL UP FOR SALE.

A senior official at state run telecoms firm Zamtel has revealed that government has put the company up for sale.

Acting Zamtel Chief Executive Officer Joshua Malupenga told a special virtual staff meeting last week that government has already found an equity partner to run the company.

Mr. Malupenga did not disclose the name or origin of the equity partner but stated that it was a foreign firm.

The meeting was held two days after Science and Technology Minister Felix Mutati revealed during a tour of Zamtel House that the entity was loss making and that government had no intentions of recapitalising the company.

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