Telecel meets licence payments

6 Jul 2015

The embattled mobile operator Telecel Zimbabwe says it has paid all its required licence fees up to the end of June and is already preparing for the next instalment, which is due by end-December. The company came under fire from the government earlier this year for failing to meet its licence payments and not complying with 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. In a statement, the cellco said: ‘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.’ The cellco is currently 60%-owned by the Russian-backed Vimpelcom group, though 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.

Zimbabwe, Telecel Zimbabwe