Published: 21 hours ago

Telecel Zimbabwe, the country's third-largest mobile network operator, is seeking new investors as part of efforts to revive its operations under corporate rescue.

The company has invited interested parties to take up equity stakes, with prospective investors required to register with Grant Thornton Chartered Accountants by April 28, 2026, to gain access to a data room containing key operational and financial information.

The investor search forms part of a broader restructuring process being overseen by corporate rescue practitioners Kundai Tibugare and Bulisa Mbano, who are tasked with restoring the company's financial stability and repositioning it for growth.

Telecel entered voluntary corporate rescue in October 2025 following mounting debt and a steady decline in market share in Zimbabwe's highly competitive telecommunications sector.

The capital injection is expected to support network upgrades, improve service delivery and strengthen the company's balance sheet as it seeks to regain competitiveness against larger rivals.

Industry observers say the success of the process will depend on attracting investors with both financial capacity and technical expertise to reposition the operator in a market dominated by well-capitalised players.

The outcome of the investor search is likely to be a key determinant of Telecel's long-term viability and its ability to re-establish itself in Zimbabwe's telecommunications landscape.
- online

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