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Tuesday, July 7, 2020

ZAMTEL is not for Sale, IDC dismisses Indian Rumours

Headlines ZAMTEL is not for Sale, IDC dismisses Indian Rumours

IDC Group CEO Mateyo Kaluba chats with Zamtel CEO Sydney Mupeta during the launch of the Woodlands Customer Service Centre
IDC Group CEO Mateyo Kaluba chats with Zamtel CEO Sydney Mupeta during the launch of the Woodlands Customer Service Centre

Zamtel’s shareholder, the Industrial Development Corporation has dismissed allegations that the Government is planning to sell the company to Bharti Infratel of India.

Reacting to a story which appeared in today’s edition of the Mast under the headline “Govt planning to sell Zamtel to Bharti Infratel”, the IDC Group Chief Executive Officer Mateyo Kaluba, said the IDC is in no discussions with Bharti Infratel and has never engaged any organisation to buy Zamtel.

He further said the IDC remains committed to transforming the telecoms company as a subsidiary of the IDC Group.

Mr Kaluba added that Zamtel has attained key milestones in achieving transformation through innovative products and services.

He commended the Board, Management and staff of Zamtel, for embracing the transformation plans of the IDC and expressed confidence they had the capacity to grow the company into a viable and profitable business, which would ensure it remains a key player in the telecoms sector.

This is according to a statement issued to the media by Namakau Mukelebai the Industrial Development Corporation Public Relations Manager.

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7 COMMENTS

  1. Todate the IDC and GRZ have not made public how profit Zamtel has made,all we hear is more debt being accrued in the name of improving infrastructure but poor service continues due to nepotism and cronyism!! PLIZ DESPITE ITS BELOW PAR PERFOMANCE KEEP IT SO IN FUTURE IFF WE GET BETTER LEADERSHIP,THEY CAN STEER IT TO ITS RIGHTFUL POSITION IN THE ECONOMY!!

  2. Those trips to India your government leaders have been undertaking:
    you must be very worried
    Calling Airtel numbers from outside Zambia///gets diverted to India–

  3. Doesn’t Zamtel legally belong to LapGreen? How can IDC sell what they don’t own?

    On the other hand “……Govt planning to sell Zamtel to Bharti Infratel”, the IDC Group Chief Executive Officer Mateyo Kaluba, said the IDC is in no discussions with Bharti Infratel and has never engaged any organisation to buy Zamtel.

    Now I am confused, someone tell me, is Govt the same entity as IDC? The article clearly refers to Govt and not IDC. In fact Govt does not have to consult IDC to sell Zamtel or any other company. IDC may just wake up in the morning and find an instruction on the bedside. PF is donchi kubeba boma, Mr Kaluba doesn’t know that?

  4. It is important that Zambians should contribute wisely towards national development, they should not waste their time insulting through social media which is fall of lies cooked by frustrated individuals, selffish and trying to confuse the innocent Zambians by appliying mud on their face, without knowing that Zambians are very clever and can not buy the lies as are able to see developmental projects done by the current government.

Comments are closed.

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