Telecel meets licence payments

Operator is preparing for the next installment
Telecel meets licence payments


Telecel Zimbabwe has paid all its required licence fees up to the end of June and is already preparing for the next installment, which is due by end-December, the company stated.

Earlier this year, the government declared that the company did not meet its licence payments and did not meet local indigenisation laws. Authorities eventually moved to cancel its operating concession towards the end of April, though the following month Telecel was granted a reprieve when the High Court ruled that it could continue operating while it worked to resolve the issues.

“Telecel remains fully committed to working with the government to meet and better all legal, financial, operational and regulatory requirements within the agreed time frames,” said the company in a statement.

The operator is 60%-owned by the Russian-backed Vimpelcom group. However, Vimpelcom has been looking to sell off its entire interest in a move which should bring Telecel into line with the empowerment requirements, which state that larger Zimbabwean firms must be at least 51% domestically owned.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story