Business / Companies
Telecel ordered to stop Zimbabwe operations
11 Mar 2015 at 18:30hrs | Views
Government has directed mobile phone operator, Telecel Zimbabwe to stop operating, saying the company has no license and is also not complying with the country's laws.
The Minister of Information Communication Technology, Postal and Courier Services, Supa Mandiwanzira said Telecel should stop operating after breaching two major principles.
"The position is that Telecel should cease operations and that is the position that has been adopted by cabinet which instructed a committee chaired by Chris Mushowe, who is responsible for certain aspects of POTRAZ, who is the regulator," said Mandiwanzira.
POTRAZ is alleged to have allowed Telecel to operate through an agreement which is not provided for by the law.
According to sources, POTRAZ entered into an agreement with Telecel to pay US$137 million licence fees over seven years.
The initial payment of US$14 million was supposed to be made by August 2013 but Telecel breached it, forcing government to act accordingly.
Source - Zbc