Zimbabwe’s telecoms watchdog the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has cancelled the ‘Class A’ internet access provider (IAP) licence held by Valley Technologies, the Zimbabwe Independent reports. According to the article, the company failed to address its debts and meet current licence and spectrum obligations, totalling around USD2.45 million, despite being issued with several reminders and final notices since 2010. POTRAZ’s director-general Alfred Marima has reportedly ordered the company to switch off and decommission all equipment used for the provision of services by 10 September 2013, and failure to do so would result in legal actions against the company.
According to TeleGeography’s GlobalComms Database, Valley Technologies, itself a unit of Spirtage, is the registered name of local wireless internet/voice operator Brodacom. In December 2012 it was reported that the company was set to be acquired by the domestic Kingdom Bank via a court order to settle unpaid loans of USD20 million, and the financial institution duly entered into a debt-to-equity swap for 80% of Valley Technologies through it special purpose vehicle, Lalela Trading.