Altimo Bids in Zambia

Jan. 11, 2010

LUSAKA, Zambia —Altimo has been added to the list of firms bidding for a majority stake in Zambia’s fixed-line phone company Zamtel, the sale of which has drawn criticism from unions and the opposition.

Altimo, which submitted its bid a few minutes after the closing period on Dec. 23, brings the number of firms vying for a slice in Zamtel to four. Altimo is Alfa Group’s telecoms arm.

(Reuters)

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