Articles tagged 'zarnet'

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...
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...
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 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,...
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...