The government of Zimbabwe has confirmed that struggling state-owned mobile operator Telecel has been placed under corporate rescue to prevent liquidation. A report from News Day says that the bankruptcy protection measure will protect the cellco from potential lawsuits filed by creditors. David Mhambare, the secretary general of the Communication and Allied Service Workers Union...
After Millicom and Bharti Airtel in 2021, the telecoms market is seeing a new start for an investor. Although this is for the benefit of a new investor, the situation does not less raise questions about the level of competitive pressure at the origin of this rapid restructuring of the market. Nicolas Bourg, co-founder and director...
The Communication and Allied Service Workers Union of Zimbabwe has applied to the country’s High Court to place Telecel officially under corporate rescue as concern over possible liquidation of the company intensifies. The company, controlled by the government under a shareholding structure that also includes minority private investors, is struggling. According to data from the...
Ghana’s National Communications Authority (NCA) has denied blocking the planned sale of Vodafone Ghana’s 70% stake in Ghana Telecommunications Company to Telecel Group. The NCA said it received the application for the transfer of 70% majority shares in Vodafone Ghana to Telecel in January this year, but that the request did not meet regulatory requirements....
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says Telecel Zimbabwe remains a viable business entity as long as it accesses foreign currency timeously. Potraz director-general, Gift Machengete, said the telecoms regulator was confident of the mobile phone operator’s ability to sustain operations provided it accesses the requisite foreign currency for critical external payments....
State-backed Telecel Zimbabwe has been forced to deny rumours that it is on the brink of closure after service outages affected customers for several days. While subscribers were unable to make calls or access data services earlier this week, Telecel spokesperson Zitha Dube told NewsDay: ‘Telecel is very healthy at the moment, and our licence...
Telecel Zimbabwe is on the verge of network collapse, with subscribers experiencing service outages for prolonged periods while data connectivity has been sluggish. VimpelCom moved out of Telecel Zimbabwe in 2016, with a little-known government entity, ZARNET, now housing the majority stake offloaded by the international telecommunications operator. Telecom’s network challenges have been exacerbated by...
The Covid-19 contributed in 2020 to the increase in demand for telecom services across the Central African Republic. But the current average telecoms coverage of the country prevents it from being satisfied. Telecel has teamed up with an international partner to bypass this obstacle from space. The mobile telephone operator Telecel Centrafrique has signed a partnership agreement...
The smallest of Zimbabwe’s three mobile network operators (MNOs), government-backed Telecel, suffered a disastrous first three months of the year, losing more than 20% of its customer base. The struggling cellco saw user numbers drop from 727,094 at the end of 2020 to 584,104 at end-March according to figures released by industry regulator POTRAZ and published by...
Zimbabwe mobile operator Telecel is canvassing for investors to inject fresh capital as it looks to finance a new network expansion plan. Company chairman, Selby Hwacha is confident Telecel will secure the much-needed investment. “Telecel is an attractive entity and we’ve put in place initiatives to raise the capital. With its position as the least...
