Articles tagged 'telecel'

Active mobile subscriptions increase to 14 million 20 March 2018 HARARE - The total number of active mobile subscription increased by 2,1 percent to 14 092 104 million for the year to December 31, 2017 from 13 799 648 million recorded during the previous quarter, according the Postal and Telecommunications Regulatory Authority of Zimbabwe’s (Potraz) fourth qua...
Econet grows customer, revenue and mobile money market share 16 March 2018 HARARE - Econet Wireless Zimbabwe grew its revenue market share to 84.2% in the fourth quarter (Q4) of 2017, up from 81.6% in Q3 of the same year, according to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s fourth quarter Postal and Telecommunications Sector Rerform...
Makamba dragged to court 2 March 2018 HARARE - A war veterans group — Magamba Echimurenga Housing Trust (Magamba) — has dragged businessman James Makamba and nine other entities to the High Court demanding an order barring the tycoon from continuing to sale shares in a firm that owns a stake in Telecel Zimbabwe (Private) Limited (Tel...
Mobile money interoperability raises more questions 1 March 2018 HARARE - ICT minister Supa Mandiwanzira's recent ultimatum to the country's mobile network operators to find a way to make all their mobile money platforms work together raises more questions than answers. Interoperability is still in its nascent stages in Africa and it is believed that when i...
Top lawyer emerges as Telecel shareholder 19 December 2017 HARARE - Top lawyer Gerald Mlotshwa has emerged as the sole and beneficial owner of Empowerment Corporation (EC)'s 40 percent stake in Telecel Zimbabwe (Telecel) after his partner George has reportedly opted out. The development not only comes as James Makamba's return was expected to help res...
Telecel sues Africom over fees 5 December 2017 HARARE – Local mobile telephone company, Telecel Zimbabwe, has sued Africom over $343 000 from interconnection fees arising from a deal penned in 2011. According to court papers, the two mobile network operators entered into an interconnection agreement where they agreed to connect and keep co...
NSSA pays $7m for Telecel deal 3 July 2017 HARARE - The pay-as-you-go pension scheme, the National Social Security Authority (Nssa), received $7 million from government in the second quarter of the year for facilitating the acquisition of Telecel Zimbabwe (TZ) by the State-run Internet access provider, Zarnet. All in all, Nssa will rec...
Telecel subscribers to win $50 000 daily 13 June 2017 HARARE - Telecel Zimbabwe has launched a $5 million promotion where subscribers stand a chance to win various prizes over a three-month period. The mobile network operator's communications and branding director, Obert Mandimika, said the promotion was a way of returning value and thanking loya...
Govt, Nssa pen Telecel agreement 30 May 2017 HARARE - National Social Security Authority (Nssa) will relinquish its controlling stake in Telecel Zimbabwe (TZ) to Zarnet after three years, following a recent agreement inked to this effect, it has emerged. The State-run pension fund's general manager Elizabeth Chitiga on Friday said Nssa a...
Naspers eyes Zim mobile firms 31 January 2017 HARARE - Africa's most valuable company, Naspers, has set its eyes on partnering with Zimbabwe’s mobile telephone firms to boost its video-on-demand business. This comes as the south Africa-headquartered firm, which is valued at over $70 billion, is seeking strategic alliances on the continent...
Telecel takeover in new twist 25 January 2017 HARARE - National Social Security Authority (Nssa) said it will relinquish its controlling stake in Telecel Zimbabwe to Zarnet after three years, as a way of protecting its investment. This was after the deep-pocketed pensions administrator poured in $30 million to help Zarnet secure $40 milli...
Telecel takeover above board 23 November 2016 HARARE - Netherlands-based integrated telecommunications services operator, VimpelCom, says the disposal of its 60 percent shareholding in Telecel Zimbabwe (Telecel) was above board. This was after Empowerment Corporation (EC), which owns 40 percent in the local mobile operator, had recently t...
New twist to Telecel takeover 18 November 2016 HARARE - The disposal of Telecel Zimbabwe (TZ) by its international parent VimpelCom Limited (VimpelCom) continues to be mired in controversy as James Makamba’s Empowerment Corporation (EC) has threatened to sue the Netherlands-based company over pre-emptive rights in the 60 percent sale. This...
'Telecel takeover next month' 27 July 2016 HARARE - Information Communication Technology (ICT) minister Supa Mandiwanzira on Monday said government expects to finalise the acquisition of Telecel Zimbabwe (Telecel) next month. This comes amid indications that Zimbabwe's cash-strapped government had breached its contractual obligations t...
Telecel misses on $1bn Erickson deal 17 June 2016 HARARE - Zimbabwe's third largest telecommunication company, Telecel, has missed out on a $1 billion software deal between its parent company VimpelCom and Erickson. The deal encompasses a complete overhaul of VimpelCom’s information technology infrastructure across 11 countries on a scale tha...
Zarnet unveils new board 12 May 2016 HARARE - Information Communication Technology (ICT) minister Supa Mandiwanzira has appointed a new Zarnet board mandated to turn around fortunes of the cash-strapped parastatal. This comes as the little-known government Internet service provider last year acquired 60 percent shareholding in Te...
Telecel's VimpelCom seeks Mugabe's help 10 May 2016 HARARE - Amsterdam-based mobile phone operator VimpelCom is seeking President Robert Mugabe's assistance to secure an outstanding $30 million from the sale of its 60 percent shareholding in Telecel Zimbabwe (Telecel). People privy to goings-on at the Nasdaq-listed telecommunications company to...
We still own Telecel: Vimpelcom 15 April 2016 HARARE - NasdaQ-listed international communications and technology company, VimpelCom, has refuted government claims that it was paid $40 million for its 60 percent stake in Telecel Zimbabwe (Telecel). VimpelCom's spokesperson Rozzyn Boy told the business Live on Wednesday that the Netherlands...
Telcos investment up 119pc: Potraz 27 November 2015 HARARE - Total investment in the local postal and telecommunications sector surged 119,3 percent from $3 124 692 in the second quarter of 2015 to $6,8 million, data from the Postal and Telecommunications Regulatory Authority (Potraz) has shown. Figures in the Potraz Abridged Postal and Telecom...
Industry slams govt Telecel takeover 24 November 2015 MUTARE - Industry has slammed government's seizure of a controlling stake in Telecel Zimbabwe (Telecel) in a controversial $40 million deal, saying the whole transaction reeks of double standards since the State is supposed to be the regulator and not a player. This week, the cash-strapped Zim...
Telecel sold for a song 19 November 2015 HARARE - The cash-strapped Zimbabwean government has acquired a majority stake in Telecel Zimbabwe (Telecel) for a song in a clear sign of foreign investor intimidation. Telecel's parent company, VimpelCom Limited, yesterday announced that it had entered into an agreement with government for t...
Telecel granted international remittances licence 11 November 2015 HARARE - Mobile telecommunication firm, Telecel Zimbabwe, says it has been granted authority by the Reserve Bank of Zimbabwe to receive incoming international remittances directly into subscribers' Telecash wallets and will be working with Mukuru to immediately avail the service to its customers....
Telecel Drag Racing Series finale explodes 2 October 2015 HARARE - The final event of the Telecel 2015 Drag Racing Series promises action and burning rubber when top drivers and superbike riders descend on Donnybrook Raceway tomorrow. There are some big expectations in the motor vehicle classes with several competitors having made modifications to th...
Mobile subscribers increase to 18,6m 9 September 2015 HARARE - Zimbabwe's mobile telephone subscribers grew by 5,5 percent in the first quarter of this year to 18,6 million from 17,6 million recorded as at December 31, 2014, latest official figures show. The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) in its latest rep...
'Telecoms infrastructure sharing must be fair' 21 July 2015 HARARE - Telecommunications companies should find common ground before implementing an infrastructure sharing framework to ensure fair treatment of other players that have already heavily invested in their businesses, a renowned lawyer has said. Tawanda Nyambirai of Mtetwa and Nyambirai Legal ...