Telecel meets licence payments

Operator is preparing for the next installment
Telecel meets licence payments

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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.

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