Press release: ZAMTEL settles K10.2m for spectrum and operating fees

Zamtel, the only indigenous telecommunications company in Zambia has announced that it has now paid the Zambia Information Communication and Technology Authority (ZICTA) K10.2 million towards settlement of the outstanding historical debt for spectrum and operating fees.

Zamtel Acting Chief Executive Officer Sydney Mupeta reiterated that Zamtel remains committed to settling all its outstanding statutory obligations within the shortest possible time.

“We recently informed the public about our unprecedented growth in the subscriber base. This growth has continued to yield a positive effect on our revenues to the extent that we have now paid ZICTA K10.2 million towards settlement of the outstanding historical debt for spectrum and operating fees,” said Mr Mupeta.

“We once again thank all the various stakeholders, including ZICTA, whose patience and support is helping us to grow our business every day. We are now getting closer to being a major player in our industry and we expect to occupy our wanted and deserved position.”

Mr Mupeta said Zamtel is experiencing phenomenal growth and drawing closer to getting the 2 millionth customer.

“We therefore take this opportunity to say a special thank you to all our subscribers who have continued to believe and identify themselves with their Zambian network for their communication needs and being part of the unfolding Zamtel success story. Thank you once again and let us move together as we aggressively pursue the 2 Millionth Customer.”

About Zamtel

Zamtel is a company incorporated in Zambia Under the Companies Act Chapter 388 Of The Laws of Zambia. The Sole Shareholder of the company is the Government of the Republic of Zambia through the Industrial Development Corporation.

Since 1913, Zamtel has gone through various phases and milestones and is today a highly competitive organization led by a team of visionary men and women that fully understand and believe in transformational and catalytic nature that telecommunications can play in the development of Zambia.

Source: Zamtel