Telecel enters voluntary business rescue

Telecel has experienced a decline in fortunes in recent years due to lack of investment in infrastructure upgrades, leading to substantial losses in market share.

TELECEL Zimbabwe (Telecel) has been placed under voluntary corporate rescue to rehabilitate its operations, burdened by debts and lawsuits, following a resolution by the board at a recent meeting.Advertisements The telecommunications firm has experienced a decline in fortunes in recent years due to lack of investment in infrastructure upgrades, leading to substantial losses in market…

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