Govt To Revamp Telecel

Information and Communication Technology (ICT) minister Kazembe Kazembe told Financial Gazette that government plans to revamp mobile telecommunication firm Telecel Zimbabwe (Telecel).

Kazembe said he will announce a new board that will be tasked with reviving the firm. He also said the new board will be tasked with facilitating the privatisation of Telecel and selecting investors for the mobile network operator. The company’s board is currently composed of businessman James Makamba Jane Mutasa and Gerald Mlotshwa — representing Empowerment Corporation, which owns 40 percent in Telecel — and United States-based Francis Mawindi and Selby Hwacha, both representing government. Barbara Rwodzi was elected as a member of parliament.

Telecel needs at least US$200 million for network upgrades and rolling out its 4,5G LTE infrastructure.

More: Financial Gazette


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