Mobile phone service provider , Telecel Zimbabwe said it will inject US$540 million into its operations over the next five years to improve service to its subscribers.
Telecel chief executive Mrs Angeline Vere revealed the plan during a familiarisation tour by the Parliamentary Portfolio Committee on Information Communication Technology and Courier Services yesterday. The committee wanted to understand the operations of the mobile network operator, its operational challenges and how Government could assist it in overcoming them. Said Vere:
Telecel is looking at a five-year investment plan, in total we are looking at US$540 million spread over five years with the biggest investment in the first two years. The investment will bring the network into the modern era. We will have 4G which will assist a lot of businesses in Zimbabwe. We are looking at giving a smart service to the generality of Zimbabweans through that investment, so our customers out there should expect a very modern network.
Vere said they were being affected by the shortages of foreign currency to import equipment and to procure fuel.
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Angeline Vere is the Chief Executive Officer of Telecel Zimbabwe, a post to which she was appointed to in mid-June 2015 while she had been "acting" since March 2013 when Francis Mawindi departed from the organisation. She has been part of Telecel since 2004. Read More About Angeline Vere
Telecel Zimbabwe is a telecommunications services provider with most of its services in the mobile cellular network services. The company is owned jointly by the Empowerment Corporation (40%) and Vimpelcom (60%), one of the largest telecoms companies in the world. In Zimbabwe, Telecel is the... Read More About Telecel Zimbabwe