The Times of Zambia (Ndola)

Zambia: Partial Privatisation'II Revive Zamtel - MD

ZAMTEL managing director, Mukela Muyunda has said partial privatisation will be essential for the revival of the company.

Mr Muyunda said partial privatisation was a serious option for the company's survival because that would be the main source of income.

He said in an interview in Kitwe yesterday that the company did not have the resources to revive it hence the call for the partial privatisation.

He said the company was passing through bad a patch and that there was need for all employees to double their efforts to help to revive the company.

He said Zamtel needed US$100 million to revive itself and had embarked on programmes such as the optic fibre.

And during the opening of the National Union of Communications Workers (NUCW) conference, Zambia Congress of Trade Unions (ZCTU) deputy general secretary, Alfred Mudenda said it was the labour movement's hope that the Government would find a suitable equity partner which would genuinely recapitalise Zamtel.

Mr Mudenda said the equity partner the Government would find should be able to roll out plans and services that the company was currently failing to provide.

He said ZCTU would only support the privatisation process of Zamtel if it would be transparent.


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