Monday, 26 June 2017

Orascom renews Zimbabwe licence

By Mary Lennighan, Total Telecom
Wednesday 07 August 13

Telecel to pay US$137.5 million for a 20-year licence extension; shareholder dispute still unresolved.

Orascom Telecom on Wednesday announced that it has renewed its mobile licence in Zimbabwe, but questions still remain over its stake in local operator Telecel. In a short release the Egyptian telco, majority-owned by Vimpelcom, said it has reached an agreement with the Zimbabwean government and telecoms regulator POTRAZ to renew its 2G and 3G licence for a period of 20 years…

Orascom Telecom on Wednesday announced that it has renewed its mobile licence in Zimbabwe, but questions still remain over its stake in local operator Telecel. In a short release the Egyptian telco, majority-owned by Vimpelcom, said it has reached an agreement with the Zimbabwean government and telecoms regulator POTRAZ to renew its 2G and 3G licence for a period of 20 years…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry