The Private Indian telecom companies are keen on expanding their geographies. We saw them inclining for deals in South Africa, Nepal, Sri Lanka etc. Now, the public based telecom operators too are seen to be interested in foreign territories. Mahanagar Telephone Nigam Ltd operating in the Indian regions of Mumbai and Delhi has expressed interest to buy a stake in Zambian telecom firm Zamtel. “We have signed the non-disclosure agreement,” MTNL Chairman R.S.P. Sinha said.
State-run Zamtel is the leading telecom operator in Zambia. The company provides a modern Internet service through Zamtel On-line and is Zambia’s only licensed fixed-line provider of voice and data communications. The state plans to sell up to 75 per cent in it as part of a privatisation drive. Zamtel’s revenue for the year ended December 2008 were $100 million.