TELECEL Zimbabwe has announced it has paid the instalments for its licence, in line with their agreement with the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz).
BY TARISAI MANDIZHA
Telecel’s licence was cancelled by government several times with the telecommunications company being accused of failing to meet indigenisation regulations.
“Telecel is happy to announce that we have paid the licence instalment that was due for the month of June in line with our agreement with Potraz,” the company said in a statement.
“We are already preparing for the next instalment which is due in December this year in accordance with our contract with the regulator and the government of Zimbabwe.”
Telecel said the company would remain fully committed to working with the government to meet all legal, financial, operational and regulatory requirements within the agreed time frames.
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Two months ago, the government cancelled an agreement it had with Telecel Zimbabwe, which allowed the firm to operate without paying the requisite $137,5 million operating licence fee.
Telecel Zimbabwe is 60% owned by Amsterdam-based VimpelCom Ltd, while consortiums of local businesspeople, who include exiled James Makamba, have a 40% stake.