Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 09, 2016 9:22 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
Chief Technology Officer
Assistant Technical Director of VAS & Prepaid
Technical Director
Compensation as of Fiscal Year 2015.

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.

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.

MTN Reportedly Acquires Telecel Zimbabwe

MTN Group Limited (JSE:MTN) is planning to buy TeleceL Zimbabwe Pvt. Ltd. Information Communication Technology and Courier Services minister Supa Mandiwanzira is reported to have revealed that MTN has taken over Telecel Zimbabwe, at least two people in closer to the talks have revealed. Potraz had given a notice of 30 days to Telecel Zimbabwe on April 28 for completing operations on the basis, which the firm had failed to comply with the country's indigenisation laws and to pay for its licence fees. In its regulatory order 1/2015, Potraz has seen a letter from the ICT minister dated 02 April that was an acceptance by the government of Global Telecom's offer to sell its indirect 60% stake in Telecel to the government.

Similar Private Companies By Industry

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

Recent Private Companies Transactions

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

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact TeleceL Zimbabwe Pvt. Ltd., please visit www.telecel.co.zw. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.