Tele-sell: part-privatisation could take two years

22 Nov 2018

The government of Zimbabwe has said that it expects the part-privatisation of mobile operator Telecel to take up to two years. CommsUpdate wrote last month that authorities were hoping to fast-track the sale of stakes in both Telecel and another state-owned operator, NetOne, within six months, but it now appears that the process could take much longer.

A report from 263Chat cites a statement from the Ministry of Information, Publicity and Broadcasting which reads: ‘[The] government has set timeframes for the partial privatisation of some of the state-owned enterprises (SOEs). The timeframes range from twelve to 24 months. [The] government is fully committed to reconfiguring the SOEs to enable them to fully contribute towards economic development.’

Boardroom problems and a lack of investment at Telecel have seen it slip from second place to third place in the Zimbabwe mobile market, with its subscriber total standing at 1.25 million at the end of June 2018, down from 1.79 million a year earlier.

Zimbabwe, Telecel Zimbabwe