Zambia on Thursday dispelled speculations on the selling of its national telecom company Zamtel, saying privatization is not its choice for the sensitive issue.
Mike Mulongoti, the chief spokesperson for the Zambian government, said in a statement that Zambia preferred to commercialize Zamtel with fear that the privatization of the state- owned enterprise would damage its fragile economy.
The statement follows recent media reports that the Zambian government was seeking an equity partner for the commercialization and privatization of Zamtel.
Mulongoti, who is also minister of information and broadcasting services, said that his government is fully involved in the commercialization process of Zamtel aimed at improving capital investment at the company.
"As part of the process of commercialization, Zambia Telecommunication Company (Zamtel) is operating according to a five-year strategic plan for the period 2006 to 2011 and Zambia Telecommunications is operating in accordance with this strategic plan," Mulongoti said in the statement.
The plan was designed to inject more energy into Zamtel and reposition the company in the competitive telecommunication environment.