Amid continued debate over the sale of Zambian fixed line incumbent of Zamtel to LAP Green Networks (LAP Green) of Libya, the latter is reported to be deeply concerned regarding suggestions that the Zambian government could reverse the sale. As previously reported by CommsUpdate, in November 2011 Zambia’s new president Michael Sata claimed that the sale of 75% stake to the Libyan company could be overturned after the USD257 million purchase was deemed illegal.
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OVETEL LAP Green to contest any challenge to ownership of Zamtel stake
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