Articles tagged 'telecel'

Telecoms firms get 90-day ultimatum 10 July 2015 HARARE - Zimbabwe has given telecommunications companies, including mobile network operators (MNOs), a 90-day ultimatum to conclude and launch an infrastructure sharing framework, a top government official has said. Supa Mandiwanzira, Information and Communication Technology minister yesterday...
Vere appointed new Telecel boss 19 June 2015 HARARE - Angeline Vere has been appointed as Telecel Zimbabwe (Telecel)’s new chief executive with effect from June 1, 2015. The trained lawyer, who has been the company’s general manager for years, takes over from Francis Mawindi who was axed in 2013. James Makamba, Telecel’s board chairma...
Donnybrook comes alive 31 May 2015 HARARE - Drag racing fever will hit Harare today when the second round of the Telecel 2015 Drag Racing Series explodes at Donnybrook Park. Petrol heads will be set for another supercharged drag racing event with a wide variety of vehicles, ranging from turbocharged Subarus, Skylines, Mercs and...
Telecel saga scares away investors 7 May 2015 HARARE - Last week’s handling of the Telecel saga by government leaves a lot to be desired as it has consequences of scaring away potential investors at a time the economy is in the doldrums and in dire need of fresh capital to jump-start it. President Robert Mugabe’s administration showed all...
2015 Drag racing series explodes 24 March 2015 HARARE - The 2015 Telecel Drag Racing Series gets underway this Sunday at Donnybrook raceway with promise of action and burning rubber. Race enthusiasts and competitors, starved of drag racing since last year’s October grand, will be back into the saddle for this year’s series. The Dragpro ...
Brainworks' Telecel deal reinstated 2 March 2015 HARARE - Empowerment Corporation (Private) Limited (EC)’s shareholders have unanimously agreed to restore Brainworks Capital Management (BCM)’s bid for their 40 percent share in Telecel Zimbabwe (Private) Limited (Telecel), businessdaily has learnt. Patrick Zhuwao, the company’s managing direc...
Another Telecel blow for Mutasa 26 February 2015 HARARE - Zimbabwe's High Court has dismissed businesswoman Jane Mutasa's bid to block the sale of Empowerment Corporation (Private) Limited (EC)'s 40 percent stake in Telecel Zimbabwe (Private) Limited (Telecel), thus further muddying the investment firm's boardroom wars. The ruling, however, ...
No joy for Jane Mutasa 18 February 2015 HARARE - Indigenous Business Women's Organisation (IBWO) president Jane Mutasa yesterday suffered a “major pyschological blow” after the Supreme Court threw out her appeal for reinstatement as Telecel Zimbabwe (Private) Limited (Telecel) chairperson and director. This also comes as the combati...
Telecel saga: Magamba co-founder blasts Zhuwao 17 February 2015 HARARE - Magamba Echimurenga (Magamba) co-founder Andrew Ndlovu has lashed out at Patrick Zhuwao, saying President Robert Mugabe's nephew was a “money-hungry” man taking advantage of his relations to the Zanu PF leader. In an unsolicited interview with the Daily News yesterday, the war veteran...
'Bust Telecel needs $300m' 16 February 2015 HARARE - Zimbabwe's third largest telecommunications company, Telecel, is “technically insolvent” and needs about $300 million to stay afloat, businessdaily has learnt. This is at least according to information contained in Empowerment Corporation (EC)'s court affidavit. EC holds 40 percent...
Jane Mutasa a liar: Zhuwao 16 February 2015 HARARE - Patrick Zhuwao, the Empowerment Corporation (Private) Limited (EC) managing director, has accused Jane Mutasa and other shareholders opposed to the company’s disposal of its 40 percent Telecel Zimbabwe stake, of perjury and approaching the courts with dirty hands. This also comes as t...
Chiyangwa wades into Telecel shares saga 13 February 2015 HARARE - Flamboyant businessman Phillip Chiyangwa  has said 60 percent of shares in Telecel Zimbabwe (Private) Limited (Telecel), owned by Amsterdam-based Vimpelcom, must be sold to local Zimbabweans. In a letter written to Indigenisation minister Christopher Mushowe and Supa Mandiwanzira, the...
Jane Mutasa's application hearing deferred 13 February 2015 HARARE - Hearing of Jane Mutasa’s application seeking to stop the Empowerment Corporation (Private) Limited (EC)’s February 20 extra-ordinary general meeting (EGM) has been deferred to today. The EGM seeks to ratify the sale of EC’s 40 percent stake in Telecel Zimbabwe (Private) Limited (Telec...
NetOne subscribers surpass Telecel's 26 January 2015 HARARE - State-owned NetOne's active subscribers have surpassed Telecel Zimbabwe (Telecel)'s to become the country's second largest mobile network operator, according to latest statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). In its report for the qu...
Telecel International execs expected in Zim 22 January 2015 HARARE – A Telecel International (TI) delegation is expected in Zimbabwe today to brief regulators of its plans to offload its local unit, the Daily News has learnt. This comes as the regional telecoms player's parent Vimpelcom has signalled plans to divest from the industry and there is growi...
Mobile operators record $248m revenue 22 January 2015 HARARE - Zimbabwe's three mobile network operators’(MNOs) combined revenue surged by nine percent to $248 million in the third quarter to September 2014 on the back on increased investment, the Postal and Telecommunications Regulatory Authority (Potraz) has revealed. According to the regulator...
Telecel hangs in the balance 21 January 2015 HARARE - Telecel Zimbabwe (Private) Limited (Telecel)'s operations are hanging in the balance as the country's mobile regulator has threatened to withdraw its licence due to non-compliance with empowerment laws. This comes as the Postal and Telecommunications Regulatory Authority (Potraz) had ...
Chidyausiku gives Tomana ultimatum over Telecel 20 January 2015 HARARE - Chief Justice Godfrey Chidyausiku yesterday ordered the prosecutor-general (PG) Johannes Tomana to immediately comply with a Constitutional Court order allowing Telecel Zimbabwe (Private) Limited (Telecel) to institute a private prosecution against ex-chairperson Jane Mutasa. Mutasa i...
'Disputed Telecel stake equitably issued' 19 November 2014 HARARE - An unissued 30 percent shares — at the centre of a dispute between Empowerment Corporation (Private) Limited (EC)’s founding shareholders — were equitably distributed among sitting investors of the Telecel Zimbabwe (Private) Limited (Telecel) minority shareholder then, businessdaily can ...
New twist to Telecel wrangle 14 November 2014 HARARE - Harare businesswoman Jane Mutasa’s Indigenous Business Women Organisation (IBWO) and several other Telecel Zimbabwe (Private) Limited (Telecel) founding shareholders forfeited their Empowerment Corporation (Private) Limited (EC) shares after failing to pay for their allotted scrip, docum...
No mobile tariff increase: Potraz 14 October 2014 HARARE - The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says Mobile Network Operators (MNOs) must not increase tariffs above approved levels despite government imposing a five percent excise duty on airtime. Baxton Sirewu, Potraz’s acting director general, told Bus...
Jane Mutasa faces private prosecution 9 October 2014 HARARE - The Constitutional Court has upheld the Supreme Court’s ruling ordering the Prosecutor General (PG) to allow Telecel Zimbabwe (Private) Limited (Telecel) to prosecute ex-company chairperson Jane Mutasa through private proceedings. The PG had filed an appeal against the Supreme Court r...
Telecel upbeat on insurance venture 9 October 2014 HARARE - Telecel— Zimbabwe’s second largest wireless network operator — is optimistic about its mobile-based insurance service, Telecare. Obert Mandimika, Telecel’s communications director, said many Zimbabweans now understand such innovative insurance products and are willing to engage. “T...
Drag Racing Series ends on a high 7 October 2014 HARARE - The final event of the Telecel 2014 Drag Racing Series promised action and burning rubber and that’s exactly what racing fans got on Sunday at Donnybrook. With 70 car and bike competitors and over 2 000 racing fans thronging the venue, Donnybrook certainly came alive once again at the...
Petrol heads set for super-charged Telecel Drag Racing 25 July 2014 HARARE - South African rail car driver Reg Murray will be the star attraction of the penultimate Telecel 2014 Drag Racing Series set for Donnybrook Racetrack tomorrow. Tomorrow’s event will see a host of drag racing competitors putting their racing skills to the test over the quarter-mile Donn...