Business / Companies
Orascom Telecom to invest US$70 million Telecel
30 Nov 2011 at 12:22hrs | Views
Egypt-based Orascom Telecom reiterated its commitment to its majority-owned mobile subsidiary Telecel Zimbabwe, after announcing it will invest US$70mn to enhance the GSM operator's national 2G and novice 3G cellular services, reports TeleGeography.
Vincenzo Nesci, Orascom's African cluster CEO, said: "The US$70mn investment is expected to cover expansion and upgrading of both voice and data services to ensure Telecel's clients are able to access a fuller range of mobile communications services in line with worldwide developments".
Currently, Telecel covers 58% of Zimbabwe and the company plans 85% coverage in the country by the end of 2012.
Vincenzo Nesci, Orascom's African cluster CEO, said: "The US$70mn investment is expected to cover expansion and upgrading of both voice and data services to ensure Telecel's clients are able to access a fuller range of mobile communications services in line with worldwide developments".
Currently, Telecel covers 58% of Zimbabwe and the company plans 85% coverage in the country by the end of 2012.
Source - BMI
