Limited Funding Over A Long Period Of Time Behind Telecel’s Problems

Telecel has blamed its glaring woes on the lack of adequate funding at the right time, Newsday reports. Speaking to the publication the company said:

Like all other local organisations, Telecel Zimbabwe’s operations have been affected by a host of factors, both macro and micro economic, but attributed mainly to limited funding for the company over a long period of time, in the face of challenging economic conditions in Zimbabwe.

Specifically, rapid depreciation of the local currency and the levels of tariffs increases approved, which continue to lag behind inflation, have affected the ability to meet the foreign currency-denominated obligations, especially spares for equipment and service level agreements and support

Telecel which is 60% owned by the government, is failing to replace sim cards and fix the servers that reportedly went down last month among other problems.

More: Newsday.

 


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