This
site is designed for Internet Explorer and Netscape Navigator versions
4 and above and a screen resolution of at least 800x600
|
|
|
PC opens talks with 3 consortia on MTL
By
Ephraim Munthali - 22-04-2003 |
|
|
Bidders for Gramil given June 30 deadline
The Privatisation Commission (PC) has started negotiations with three consortia interested to buy Malawi Telecommunications Limited (MTL), PC executive director Maziko Sauti-Phiri said last Thursday.
Briefing the press in Blantyre, Sauti-Phiri said the discussions are intended at understanding the consortia structure, future management plans and their business plans.
“The draft investment agreement will be made available to the consortia soon, as will a copy of the Bid Procedures,” said Sauti-Phiri.
The consortia are: Telecom Consultants India Limited, Mahanagar Telephone Nigam Limited and the National Insurance Company; local conglomerate Press Corporation Limited (PCL), Commonwealth Development Corporation (CDC) Capital Partners and Detecon International.
The third one is that of Loita Investment Bank (Malawi), Trojan Communications, Africa Venture Partners and the Development Bank of Southern Africa.
Mauritius Telecom was also interested in the ground phone operator but pulled out recently to concentrate on other investment opportunities elsewhere.
Econet Wireless of South Africa was the first to pull out of a consortium that was selected to buy 30 percent of government shares last year. PCL was part of this consortium.
Meanwhile, the PC has finalised the Information Memorandum and Bid Procedures for Grain and Milling (Gramil) that will be dispatched to bidders this week. The bidders have been given a deadline of June 30 to submit their bids.
According to the commission, 12 investors, 10 of whom are locals have pre-qualified to bid for the miller which is now being re-marketed after earlier efforts failed to yield desired results. |
|
|
|
|
|
