Telecel Zimbabwe, the country’s third largest mobile operator, has vowed to fight the decision by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) to cancel its licence with effect from yesterday.
POTRAZ announced today it cancelled the network’s licence with effect from yesterday and was giving it 30-days to wind up its operations.
Telecel Zimbabwe immediately slammed the decision, which it said was unwarranted.
“This measure is unfair and unwarranted. Telecel has made every effort to comply with all legal and governmental requirements in Zimbabwe, and objects to this treatment in the strongest terms,” the company said in a statement.
“Telecel and its global shareholders are taking immediate action both locally and internationally to challenge this decision.”
Dutch-headquartered communications firm VimpelCom owns 60 percent of Telecel with the remaining 40 percent being controlled by Empowerment Corporation (EC), a local consortium.
(329 VIEWS)
This post was last modified on April 29, 2015 4:46 pm
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