Thursday, April 18, 2024

Zamtel management backs partial privatization

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ZAMTEL
ZAMTEL management says it is in support of privatisation of 75 percent of the company’s shares to an equity partner because this will help the company be more responsive in meeting customer needs.

Zamtel managing director Mukela Muyunda said the privatisation of the shares will address various challenges that the company is facing.

Mr Muyunda said this yesterday when he led a team of officials from Zamtel to appear before the Parliamentary Committee on Communications, Transport, Works and Supply.

He said his management has realised the urgent need to privatise Zamtel because of the effective role that the company will play in enhancing growth in the country’s telecommunications sector.

“The management of Zamtel is fully convinced and has supported the decision taken by Government to privatise the 75 percent shares of Zamtel. The move is commendable as this will help the company to become more innovative and improve on its operations,” he said.

Mr Muyunda said this in response to a question raised by Bangweulu Patriotic Front (PF) MP Joseph Kasonde, who wanted to know whether Zamtel management is aware that Zamtel has been a ‘sleeping giant’ for a long time and if they are in support of the company’s partial privatisation.

Mr Muyunda admitted that the company has over the years not performed according to people’s expectations and that interventions are being taken to improve its operations.

“It is true that over the years, Zamtel has not met the expectations of customers so to improve its operations, we are undertaking the installation of the GSM-phase three which will help us to improve the company’s efficiency.

“Once this exercise is completed, the company will attract more clients because of the improved services that it will provide to its clients,” he said.

He further said his company has made strides to install the optic fibre network which should be operational before the end of this year.

Mr Muyunda said his company is in a hurry to finish installing the optic fibre network because of the effective role that it will play in improving the country’s telecommunications sector.

Mr Muyunda said Zamtel will this year implement other viable projects to ensure that it competes with other mobile service providers in the country.

Parliamentary Committee chairperson on Communications, Transport, Works and Supply Ng’andu Magande urged Zamtel management to put in place remedial measures to improve the company’s operations.

[Zambia Daily Mail]

7 COMMENTS

  1. :(( Wenye, wenye, wenye. Give us the list of those who are in support kanshi>:p Sick and tired of this crap happening in my country **==

  2. These Zamtel chaps are part of the corruption. How can the support the privatization when the know that Zamtel is viable for as long as the house is order. Mukela and his team have been promised kick backs and they will pay for this in future

  3. ok ..fine.the big question to government is …is the government going to pay separation packages to all workers before joining the new investor….we are worried…………concerned zamtel staff

  4. ok some of u people are only talking about not selling zamtel but you are providing the source of money to make the company work up from its slumber. its not just changing management here. the business climate has changed in this 21st century. just like politics have improved so has the way to run business has changed. techology in the telecomunications business has made the number of people manning the systems to reduce than in unip times where parastals were being used to employ nieces.nephws,brothers and sisters of those in management and power. so please do your politics and leave zamtel sale,as workers beggers ,imagine 4 solid years no salary increment,no advance? with the cost of living going up. workers should get there dues before crossing over.

  5. #6 are you deaf and blind, people have been making proposals about how to help Zamtel come out this situation and RB has not cared to listen. He has just been bent on selling Zamtel because of his corrupt nature- balimulishamo kale. He went to the extent of saying ‘what about LPM, he sold ZANACO so I must also sell Zamtel’. The situation is not completly hopeless at Zamtel but RB has a mission to fulfill. As we have been saying he is in harry to get rich. remember he never imagined that at one time in his lifetime he would become pres of Zed. So he wants to make sure all those sons of his are comfortable by the time he leaves office.

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