September 26, 2016 5:45 PM ET

Wireless Telecommunication Services

Company Overview of Telecel Zimbabwe Pvt. Ltd.

Company Overview

Telecel Zimbabwe Pvt. Ltd. operates a mobile phone network in Zimbabwe. The company provides prepaid and postpaid services. It also offers various services, including airtime transfer, call me back, call waiting, conference calls, emergency credit, international voice bundles, SMS bundles, Telecel services short codes, roaming, missed call alerts, and financial services; Telecare, a mobile insurance; Opera mini, a mobile browser that allows users to surf the net; and handsets. The company was founded in 1998 and is based in Harare, Zimbabwe. Telecel Zimbabwe Pvt. Ltd. operates as a subsidiary of Telecel International Limited.

148 Seke Road

Granaiteside

Harare,  

Zimbabwe

Founded in 1998

Phone:

263 4 748321

Fax:

263 4 748328

Key Executives for Telecel Zimbabwe Pvt. Ltd.

Chief Executive Officer
Finance Director,Company Secretary and Director
Chief Technology Officer
Assistant Technical Director of VAS & Prepaid
Technical Director
Compensation as of Fiscal Year 2016.

Telecel Zimbabwe Pvt. Ltd. Key Developments

Government To Acquire Stake In Telecel

The Government of Zimbabwe is ready to acquire a 100% stake in TeleceL Zimbabwe Pvt. Ltd. from Empowerment Corporation and VimpelCom who have offered to sell their respective 60% and 40% interests in the business to the government, according to reports.

Government To Reportedly Acquire Telecel

Zimbabwe's Government intends to acquire TeleceL Zimbabwe Pvt. Ltd. A report from News Day quotes an unnamed source as saying: "Telecel shareholders have offered to sell their interests in the business to government. Government has gladly accepted the offer as it sees this as an opportunity to reorganize the sector. Negotiations are currently underway." The deal is expected to be carried out via ZARNet. CBZ Bank is thought to be acting as the financial advisor to the transaction.

Telecel Zimbabwe Announces Executive Changes

Telecel Zimbabwe has appointed Angeline Vere as its new chief executive, she becomes the company's fourth CEO in five years. The last CEO was Francis Mawindi, who had replaced John Swain, while Swain had replaced Aimable Mpore. The new CEO will have her hands full with dealing with the company's licence situation which almost saw it being closed, had it not been for a High Court ruling in its favour. Prior to the latest appointment Vere was the general manager of Telecel, having joined the company in July 2004 as legal manager. In 2010 she was promoted to the position of company secretary and legal director. Telecel's new CEO has more than 17 years of experience in the telecommunications industry. Prior to joining the company, Vere worked at the Broadcasting Authority of Zimbabwe, the Posts and Telecommunications Corporation (now TelOne) and the Attorney General's Office, among other Zimbabwean companies.

Similar Private Companies By Industry

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

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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