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MTNL, BSNL short-listed for acquiring stake in Zamtel

Last Updated: Thursday, October 22, 2009 - 23:53

New Delhi: State-owned Mahanagar Telephone
Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) have been
shortlisted as qualified bidders for acquiring stake in
Zambia`s leading telecom firm Zamtel.

"Two of India`s telecommunication giants BSNL and MTNL"
are among the eight bidders who have been shortlisted (for the
acquisition), Zambia Development Agency (ZDA), which is
handling the sale, said in a statement.

It was, however, not clear whether the two PSUs have
formed a consortium or they have bid separately.

"MTNL along with eight other bidders have been
shortlisted by state-run telecom firm Zamtel," an MTNL
official told.

MTNL and BSNL are among the 30 bidders who applied to
prequalify in the partial sale of the telecommunications
company after the ZDA officially announced its privatisation
in September this year.

The Zambiam government is offering between 51 and 75 per
cent of Zamtel`s stake.

The other firms which have been qualified are Altimo
Hodlings/Vimpelcom of Russia, Libyan LAP Greencom Limited/LAP
Green Networks, Portugal’s Portugal Telecom, Telkom SA Limited
of South Africa, UNITEL of Angola.

Bureau Report

First Published: Thursday, October 22, 2009 - 23:53
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