Telkom in pole position

TELKOM and India's MTNL are favourites to buy Zamtel, Zambia's fixed-line telephone operator, the Zambia Development Agency said yesterday.

TELKOM and India's MTNL are favourites to buy Zamtel, Zambia's fixed-line telephone operator, the Zambia Development Agency said yesterday.

The Zambian government is offering between 51 and 75 percent of its Zamtel stake - and had shortlisted eight pre-qualified bidders. The bidding process is likely to be completed in the first quarter of 2010. - Reuters

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