'We are not going down,' says Telecel

Zimbabwe's second largest mobile telecoms service provider Telecel Zimbabwe says it working "tirelessly" to comply with Government directives.

This follows an announcement by Information Communication Technology, Postal and Courier Minister Supa Mandiwanzira on Wednesday that Cabinet had approved the closure of the company for operating without a licence.

"Telecel Zimbabwe has taken the Government's recent announcement on its licensing and shareholding non-compliance, very seriously. Our shareholders are engaging with relevant stakeholders and are working closely and tirelessly with all key authorities to find a lasting solution to the issue.

"We remain fully committed to Zimbabwe and to working with the Government in order to comply with all legal and regulatory requirements within the agreed time frame. Telecel Zimbabwe takes very seriously its legal, financial, operational and social responsibilities," said Telecel in a statement.

Telecel, which has over 2 million subscribers, was operating without since 2013. The company has invested an estimated $237 million into the country's mobile infrastructure since its inception in 1998.