Articles tagged 'telecel zimbabwe'

Telecel saga takes new twist 28 May 2018 HARARE - The nasty fight for 40 percent of mobile network operator Telecel's shares, which belong to an empowerment consortium, is getting worse — amid damaging claims and counterclaims by the warring parties.
Makamba dribbles Mlotshwa, partners 23 May 2018 HARARE - Another bruising battle is looming at Telecel Zimbabwe (Private) Limited (Telecel) as company chairman James Makamba has furtively sought to eject one of his Empowerment Corporation (EC) partners and board member Gerald Mlotshwa. This also comes as the grabby businessman is locked in ...
Telecel board plans recapitalisation 13 April 2018 HARARE - TELECEL Zimbabwe (Telecel) is planning to invest in network expansion as part of strategies to keep ahead of competition in the country's telecommunication industry. This was revealed by the company's chairperson James Makamba after the six-member board, comprising Francis Mawindi, Se...
We still own Telecel — VimpelCom 25 February 2016 HARARE - Vimpelcom Limited (VimpelCom) says it still owns a majority stake in Telecel Zimbabwe (Private) Limited (Telecel), as negotiations with the government over the 60 percent buy out continue. Last year, VimpelCom was pressured by President Robert Mugabe's administration to sell its stake...
Telecel deal to be finalised 22 January 2016 HARARE - President Robert Mugabe's government was this week expected to pay VimpelCom Limited (Vimpelcom) about $30 million in outstanding funds for a 60 percent stake in Telecel Zimbabwe (Telecel), businessdaily has learnt. Although company executives, including chief executive Angeline Vere,...
Telecel tackles Zim govt 25 September 2015 AMSTERDAM - Telecel Zimbabwe (Telecel)'s parent company, VimpelCom Limited, says it is preparing to file an international arbitration against government next month after it cancelled its mobile licence and contravened bilateral investment promotion and protection agreements (Bippas).     Vimpe...
Telecel: Govt shuts out private investors 17 July 2015 HARARE - The cash-strapped Zimbabwean government is bulldozing its way into “buying” Telecel Zimbabwe (Telecel) after it pushed out bids from local companies, that wanted to inject fresh capital into the mobile communications company, the Daily News has learnt. This comes after Information Com...
Reprieve for Telecel 9 May 2015 HARARE - High Court judge Nicholas Mathonsi has accused the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) of being overzealous in the manner in which it dealt with the cancellation of Telecel operating licence. Potraz last week gave Telecel, the country's third larges...
'Govt ready to reconsider Telecel shutdown' 5 May 2015 HARARE - Government is ready to reconsider its decision to cancel mobile operator Telecel's operating licence if it makes a formal appeal to the responsible ministry, a government official has said. Presenting oral evidence before parliamentary portfolio committee on Information Communication ...
Telecel crisis: Global executives jet in 15 March 2015 HARARE - Telecel International (TI) executives are in Zimbabwe to discuss the fate of its local unit following government threats to shut down the mobile operator. This also comes as two of Empowerment Corporation (Private) Limited (EC)'s main shareholders — Jane Mutasa and James Mutasa — have...
Telecel invests $3,3m in TeleCash 18 July 2014 HARARE - Telecel Zimbabwe (Zimbabwe) says it has invested at least $3,3 million in its mobile money service, Telecash, since inception in January this year. The telecoms firm — Zimbabwe’s second largest wireless network operator — said $2 million was spent on setting up the TeleCash platform. ...
Telecel forced to pay council bills 8 July 2014 BULAWAYO - Zimbabwe’s second largest mobile network operator by subscriber base, Telecel, has been forced to pay council bills for base stations erected on municipal land without authority.  Telecel has about 60 base stations dotted around the city, with the majority of them operating illegall...
TeleCash subscribers reach 600 000 2 July 2014 HARARE - Telecel Zimbabwe (Telecel) says its mobile money transfer platform TeleCash has reached 600 000 subscribers since inception in January. Nkosinathi Ncube, the group's mobile financial services director, said over $15 million has been transacted on the platform. “The uptake of TeleCa...
Telecel boss resigns 23 June 2014 HARARE - Telecel Zimbabwe (Telecel)’s chief commercial officer Ashraf Elguindy has resigned. His sudden resignation, in yet unclear circumstances, comes on the back of the group’s former chief executive Francis Mawindi’s controversial dismissal last year. “Mr Elguindy is no longer in the em...
Telecel launches mobile money transfer service 30 January 2014 HARARE - Telecel Zimbabwe Private Limited (Telecel) has launched a mobile money transfer platform, Telecash. The service, which has been integrated with ZimSwitch to enable connection with banks, allows subscribers to transact across all networks. “Telecash in particular offers banking serv...
Prosecute Mutasa, Supreme Court says 29 January 2014 HARARE - Zimbabwe's Supreme Court has ordered the Attorney General (AG) to allow Telecel Zimbabwe (Private) Limited (Telecel) to prosecute ex-company chairperson Jane Mutasa through private proceedings, it emerged yesterday. This comes as the High Court had dismissed Zimbabwe’s second largest ...
We paid our fees, Telecel insists 10 January 2014 HARARE - Telecel Zimbabwe (Private) Limited (Telecel) insists that it has paid its licence renewal fees to the government, but was “let down” by one of its bankers in the remittance of the funds. This comes amid reports that Zimbabwe’s second largest mobile operator – by subscriber base – had ...