Govt mulls Telecel 100% takeover

Govt mulls Telecel 100% takeover
Published: 11 May 2018
Government which has 60% shareholding at Telecel Zimbabwe, has made a decision not to sell part of its stake to investigators interested in the telecommunications company, but instead, buy off the minority shareholders, making the company wholly government owned, a  cabinet minister has revealed.

A number of investors both foreign and locals have been tabling offers to buy shares in state-owned mobile operators Telecel and NetOne as well fixed line telecoms company Telone, which are all desperate for a fresh capital injection.
- Zim Ind
Tags: Telecel,


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