Telecel Zimbabwe Failed to Follow the Law, Minister Says
By Godfrey Marawanyika and Chengetai Zvauya
(Bloomberg) — TelecelZimbabwe, unit of wireless provider VimpelCom Ltd., ordered to shut down its operations in southern African country as it failed to follow country’s mobile telecommunication regulations, Supa Mandiwanzira, Minister of Information Communication Technology, Postal and Courier Services tells lawmakers.
- Potraz cancelled co.’s mobile cellular telecommunications licence on April 28 for non-compliance w/ shareholding requirements under Zimbabwe’s laws
- “After considering the representation made by Telecel, Potraz found that Telecel Zimbabwe had failed to show good cause why its licence should not be cancelled for non-compliance with the law”
- “I will be meeting them tomorrow after Cabinet”
- “Telecel Zimbabwe still has window to survive and operate. There is still room for Telecel Zimbabwe to follow the law and operate”
- Action by govt to allow Telecel Zimbabwe “remit licence renewal fees over a period of 7 yrs was extremely considerate in view of the fact that Econet Wireless Zimbabwe Ltd., a competitor, was given only 3 months to pay renewal fees of $137.5m”