NSSA restructures ZARNET-Telecel deal

By Batsirai Chikadaya

In November 2016, Telecel and the Minister of ICT announced the completion of ZARNET’s 100% acquisition of Telecel International which owned 60% of Telecel Zimbabwe successfully making the Government owned entity Telecel Zimbabwe’s majority shareholder. ZARNET’s acquisition of Telecel International was financially backed by NSSA who provided mezzanine capital valued at $30 million (USD). NSSA has now […]

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NSSA restructures ZARNET-Telecel deal

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