Committee recommends govt taking over Zamtel's debt and seeking equity partner

Monday 29 July 2019 | 11:15 CET | News
Zambia's parliamentary committee on parastatal entities has recommended that the government should consider shifting Zamtel's USD 280 million debt to the treasury, Lusaka Times reported. The debt was acquired to implement the GRZ project for universal accessibility. The lawmakers also recommended that the government should consider seeking a strategic equity partner for Zamtel that could offer financing to liquidate the other legacy debt, in exchange for equity. 

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Categories: Mobile & Wireless
Companies: Zamtel
Countries: Zambia
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