NEW DELHI, Oct 8 (Reuters) - Indian state-run Mahanagar Telephone Nigam Ltd has expressed interest to buy a stake in Zambian telecoms firm Zamtel, the Indian firm's chairman said on Thursday.
'We have signed the non-disclosure agreement,' MTNL Chairman R.S.P. Sinha told reporters.
State-run Zamtel is Zambia's only licensed fixed-line provider of voice and data communications and the state plans to sell up to 75 percent in it as part of a privatisation drive.
Zamtel's revenue for the year to end-December were $100 million.
(Reporting by Devidutta Tripathy)
((prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net)) Keywords: MTNL ZAMTEL/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We have signed the non-disclosure agreement,' MTNL Chairman R.S.P. Sinha told reporters.
State-run Zamtel is Zambia's only licensed fixed-line provider of voice and data communications and the state plans to sell up to 75 percent in it as part of a privatisation drive.
Zamtel's revenue for the year to end-December were $100 million.
(Reporting by Devidutta Tripathy)
((prashant.mehra@thomsonreuters.com; +91 22 6636 9029; Reuters Messaging: prashant.mehra.reuters.com@reuters.net)) Keywords: MTNL ZAMTEL/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
