Party of National Unity (PNU) President Highvie Hamududu has stressed the need for systematic and serious reassessments regarding the reversal of LAP Green deal with ZAMTEL because the outright reversal by the Patriotic Front (PF) led Government was wrong.
The Zambian Government under the late President Michael Chilufya Sata in 2012, seized control of the country’s biggest telecoms company which was sold to a Libyan investor in 2010 by the Movement for Multi party Democracy (MMD)’s Rupiah Banda regime.
And that was after a Government inquiry which ruled that the sale of a 75 percent stake in Zamtel to LAP Green was fraudulent.
Zamtel is one of three mobile phone networks in Zambia alongside Airtel of India and MTN of South Africa and it is the only operator of landlines and also provides internet services across the country.
LAP Green had stated that it grew Zamtel’s subscriber base by over 600% in just over 18 months and created 1,700 jobs in Zambia.
PUN President affirmed that ZAMTEL could have been the largest mobile network in Zambia had Government maintained Lap Green.
Mr Hamududu state that the PF Administration only needed to renegotiate the terms than the arbitrary reversal when they came in power.
He reffirmed his statement made in parliament the during the reversal of the 75 percent sell to LAP Green that ZAMTEL only need to undergo a partial privatization for it to deliver effectively to the Zambians.
Hamududu said ZAMTEL as a 100 Percent Government owned parastatal is subject to abuse because of political interference and patronage in Zambia and insisted that a 50/50 joint venture was the best for Zamtel.
The opposition leader noted that what is required currently in Zambia is to overhaul the system of Governance which is failing the Zambian Government in the mining sector.
He further cited Kagem, the system which allowed selling the cream of Zambian emeralds at a cheap price, adding that it is now a mine which has the life span of over 200 years but it’s in the hands of foreigners.