TELECEL Zimbabwe has outlined its strategy to turn around its business’ fortunes after years of failing to replace obsolete equipment and financial challenges. The company is one of three mobile operators in Zimbabwe, alongside Econet Wireless and NetOne.
Sales and distribution director at Telecel Zimbabwe, Obert Mandimika, told The Financial Gazette that the turnaround plan was initially slated for this year but faced “a few hitches” and will now commence in 2025.
“We have a five-year plan on the table. If we could, in the first phase, get something around US$50 million, that would be a huge boost so that we can be able to stabilise the network, and then after that, we start rolling out, focusing on the next generation (4G and 5G) technologies, and ensuring that we are present in those areas that we are not in.
In 2016, the government completed payment of about US$40 million for a 60 percent controlling stake in Telecel Zimbabwe previously owned by VimpelCom through the Amsterdam-based telecom group’s 51 percent-owned Global Telecom Holdings.
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