LAP GeenN sees positive future for Zamtel under the joint ownership

LUSAKA, Saturday, January 14, 2012 By John Chola LAP GreenN say that they see a very positive future for Zamtel under the joint ownership by LAP GreenN and the Zambian Government. Chairman LAP GreenN, Wafik Shater, told this newswire in a statement that they look forward to further growing the business and to continue making a major contribution to the Zambian economy through Zamtel. Shater says LAP GreenN is deeply committed to the future of Zamtel. He says LAP GreenN is keen that the current situation is resolved as soon as possible. He said since acquiring Zamtel for US$257 million in June 2010 they have quadrupled its subscriber base, securing more than 800,000 subscribers by the start of January 2012. Shater says because of LAP GreenN investment Zamtel has now become a vibrant Telecoms firm helping to strengthen the Zambian telecommunications sector through competition and choice. Since June 2010, over 1700 jobs have been created at Zamtel and with its distributors, Shater added. The LAP GreeN Chairperson has since welcomed any opportunity to work with the Michael Sata led government to secure a swift and positive outcome that benefits both Zambia and Zamtel. ENDS