Breaking: Temporary reprieve for Telecel

Telecel Zimbabwe
File Photo
File Photo

THE Judge in the Telecel vs Postal and Telecommunication Regulatory Authority (Potraz) case has today ruled that the matter is urgent and declared that Potraz was overzealous.

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The country’s third-largest telecommunications company’s licence was cancelled last week and it was given a 30-day ultimatum to switch off its system.The company allegedly failed to pay its licence fees to the regulator Postal and Telecommunication Regulatory Authority of Zimbabwe. Telecel Zimbabwe paid $14 million over a longer period than was agreed on.

On Monday, Mandiwanzira appeared before the Parliamentary Portfolio Committee on Information and Communication chaired by Kuwadzana MP Nelson Chamisa.

He told the committee that there were many potential investors both local and foreign who were interested in Telecel.

“I have received more than five offers from investors in South Africa, Zimbabwe and the United States. They have said they have money and can pay the licence fees tomorrow, and I have said if they want to buy Telecel, they should discuss with the shareholder,” he said.