Business / Companies
Political vultures circle over Telecel
13 Mar 2015 at 08:36hrs | Views
Political vultures are circling over the country's third largest mobile network operator Telecel Zimbabwe currently facing withdrawal of its operating licence due to non-payment of fees amid strong indications Angolan President Jose Eduardo dos Santos daughter Isabel's company Unitel S.A is keen to take over the local firm despite veiled resistance in the corridors of power in Harare.
President Robert Mugabe's nephew Patrick Zhuwao has been at the centre of the Telecel storm pushing to take the position of CEO in the beleaguered company amid indications he is part of a consortium angling to seize control of the contentious 40% local equity.
Zhuwao is reportedly trying to muscle his way into the company along with his close political and business allies. Efforts to contact him this week failed.
Source - Zim Ind
