|Mr Hans Paulsen,Managing Director|
Internet and GSM mobile(CELL Z)services
|Revenue||~ Approximately K 400 Billion Annually|
Number of employees
|~ Approximately 750|
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 (Zampost), and the Zambia Telecommunications Company, or Zamtel.
In 2010 the Zambian government sold 75% shares to a Libyan company LAPGREEN NETWORKS. In November 2011 the newly elected PF government set out an inquiry into the sale of Zamtel because they think it was sold fraudulently by the previous MMD government. The enquiry ruled in favour of the government. In January 2012, President Sata reversed the $257m deal and Zambia seized control of Zamtel.
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