Wednesday 22 February, 2017 - 9:01
Before the deal, ZNBC was 100% owned by the Zambian government.
According to the deal for the next 25 years, TopStar will be collecting all ZNBC advertising revenues and tower rental fees.
The money will go towards the servicing of a US$273 million loan that the Zambian government has contracted from the Export-Import Bank of China for the investment in the digital broadcasting network and the building of provincial studios.
To read the article titled, “Zambia govt won't reverse TopStar decision” click here
Source:
ITWeb Africa