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May 05, 2015 1:13 AM ET

Wireless Telecommunication Services

Company Overview of TeleceL Zimbabwe Pvt. Ltd.

Company Overview

TeleceL Zimbabwe Pvt., Ltd., a telecommunication company, operates a mobile network in Zimbabwe. It offers prepaid service and post paid or contract service. The company also provides various services, including money transfer, pay phone, short message service, call forwarding, call barring, call holding, call waiting, mobile data and fax services, conferencing, voicemail, and international roaming service, as well as information briefs, including news items, business and financial briefs, sports news, and lotto results. The company was founded in 1998 and is based in Harare, Zimbabwe. TeleceL Zimbabwe Pvt., Ltd. is a subsidiary of Telecel International Limited.

202 Seke Road

Granaiteside

Harare,  

Zimbabwe

Founded in 1998

Phone:

263 4 748321

Fax:

263 4 780999

Key Executives for TeleceL Zimbabwe Pvt. Ltd.

Chief Executive Officer
Finance Director,Company Secretary and Director
Managing Director
Chief Technology Officer
Assistant Technical Director of VAS & Prepaid
Compensation as of Fiscal Year 2014.

TeleceL Zimbabwe Pvt. Ltd. Key Developments

Unitel Reportedly Mulls Acquisition Of TeleceL Zimbabwe

Unitel S.A., a company owned by Isabel dos Santos is mulling the acquisition of TeleceL Zimbabwe Pvt. Ltd., according to sources. Isabel dos Santos sent her representatives to discuss investment opportunities with government officials, Zimbabwe Independent reported. "There are quite a number of investors interested in the telecoms sector, It is normal for there to be such interest because it is a lucrative business." Information Communication Technology deputy minister Win Mlambo said. Win Mlambo neither confirmed nor denied meeting Isabel dos Santos’ representatives.

Isabel dos Santos Interested In Telecel

Reportedly Isabel dos Santos is interested in acquiring stake in Telecel Zimbabwe Pvt. Ltd. Telecel International Limited and Empowerment Corporation are trying to sell for their stake in Telecel Zimbabwe.

Vimpelcom To Sell Telecel Stake

VimpelCom Ltd. (NasdaqGS:VIP) intends to sell its shareholding in TeleceL Zimbabwe Pvt. Ltd. and has since invited bids from interested investors. "VimpelCom intends to sell its stake in Telecel and they have now reached a stage where it's looking into the bids," said one source that preferred not to be identified. "The process is now at an advanced stage and the winner might be announced before month end. "The bids were opened last week, but it may take up to 15 days to go through them." The disposal of the African businesses is part of VimpelCom's strategic review of its assets.

Similar Private Companies By Industry

Company Name Region
Econet Wireless Zimbabwe Private Limited Middle East/Africa
TeleceL Zimbabwe Pvt. Ltd. Middle East/Africa
Zellco Cellular (Private) Limited Middle East/Africa
NetOne Cellular Private Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 28, 2015
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