Zamtel settles its tax commitment with ZRA

State owned Telecommunications Company, Zamtel needs a capitalization of US$300 million

Zamtel, the only indigenous telecommunications company in Zambia, has settled part of its tax commitment with the Zambia Revenue Authority totalling K10.7 million.

Announcing the development, Zamtel Acting Chief Executive Officer Sydney Mupeta says Zamtel remains committed to settling all its outstanding statutory and other obligations within the shortest possible time.

Mr. Mupeta has also recognised the wonderful and unwavering support the company has continued to receive from the Industrial Development Corporation (IDC) the shareholder, the Government through the line Ministry, the Ministry of Transport and Communications as well as the Ministry of Finance.

He says it is because of this support that the company has found the positive energy that is fuelling this growth phenomenon that is driving the company to the wanted position.

Mr. Mupeta adds that the All Networks tariff is a launch pad which will take the company to the envisioned position of being the leading telecommunications provider of choice.