Zambia: State House wants Zesco s optical fibre network sold with Zamtel.Byline: datta03 STATE House is exerting pressure on Zesco management to have the power utility company's optical fibre network, which was installed at the cost of about US $13 million sold as part of Zamtel In July 1994 the government of Zambia passed a Telecommunications Act that led to the splitting up of the Post and Telecommunications Corporation into two separate companies: the Zambia Postal Services Corporation, and the Zambia Telecommunications Company, or Zamtel. assets. President Rupiah ru·pi·ah n. pl. rupiah See Table at currency. [Hindi rupay  , rupiy Banda's son Henry introduced RP Capital to
the government and RP Capital is currently the financial advisor in the
privatisation Noun 1. privatisation - changing something from state to private ownership or controldenationalisation, denationalization, privatization social control - control exerted (actively or passively) by group action of Zamtel. Well-placed government sources yesterday disclosed that President Banda, through his two named advisors who include his legal advisor Joseph Jalasi, engaged Zesco over its optical fibre network. It appears this Zamtel and RP Capital Partners scandal is one that will never end. And it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have clear that the architects of this saga are unrepentant and are determined to bring down a number of state institutions just to satisfy themselves. Can you believe that right now as we are talking, Zesco's top management is under extreme pressure from State House to let go of their optical fibre network to enable these guys sell it together with Zamtel assets? the source revealed. So far President Banda's advisors Jalasi and one of his colleagues from State House including Mr. Chipwende from ZDA have been on the Zesco management's door step over the same issue. The Zesco optical fibre network project is being done in phases at a huge cost. You may wish to know that in the first phase, Zesco laid its optical fibre network from Sesheke Sesheke is a border town in south western Zambia, lying on the Zambezi River. The Katima Mulilo Bridge, completed in May 2004, spans the river here, connecting Sesheke with the Namibian town of Katima Mulilo and forming a link in the TransCaprivi Highway. up to Lumwana in Solwezi Solwezi is the capital of the North Western Province of Zambia. Solwezi has approximately 65,000 inhabitants at an elevation of 1235 m above sea level. Kaonde is the largest tribe represented in Solwezi. at a cost of about US $13 million. This network is linked to the international gateway in Namibia Namibia (nämĭb`ēə), officially Republic of Namibia, republic (2005 est. pop. 2,031,000), c.318,000 sq mi (823,620 sq km), SW Africa. . Therefore, it runs from Namibia into Sesheke up to Lumwana. The second phase is the one that is coming to cover the whole country and the projections are that this project is likely to gobble 1. gobble - To consume, usually used with "up". "The output spy gobbles characters out of a tty output buffer." 2. gobble - To obtain, usually used with "down". "I guess I'll gobble down a copy of the documentation tomorrow." See also snarf. about US $30 million. So it's quite some costly and ambitious project and it's embarrassing to see State House being heavily involved and in the forefront to have such an installation sold together with Zamtel. Actually, RP Capital are even insisting that Zesco starts working on the second phase of this project. They want to up the value of Zamtel by getting the Zesco network, which will automatically translate in an increase in their fees or commission when Zamtel is sold at a higher value. The sources disclosed that the Zamtel optical fibre network project flopped. One thing you also need to know is that the Communications Authority gave Zesco what is called 'A Carrier of Carriers' license in about 2006. But I think it only became operational in 2007, the source said. Zamtel the same company they want Zesco to give its optical fibre network tried to install its own network and they failed. They have even abandoned that project right now as we are talking. The sources said there was an ad hoc committee ad hoc committee A committee formed with the purpose of addressing a specific issue or issues, which theoretically is disbanded once its raison d'etre is finished , which has been set up to deal with the issue of the Zesco network. The people that are in this committee include the acting Zesco managing director Cyprian Chitundu, energy permanent secretary Peter Mumba, a Mr Sakala from ZDA, a repres Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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