Minister confirms government’s move for Telecel, hints at foreign investment

By Nigel Gambanga So it’s already been confirmed, the government is moving in on Telecel.Earlier today, the Minister of ICT, Supa Mandiwanzira, responded to questions on the government’s interest in Telecel Zimbabwe. ZARNet, a state owned Internet Provider, has been roped in because the government does not have the immediate capacity to execute this takeover. This will, in all likelihood, be executed with leveraged finance with foreign investors likely to be involved. …read more

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