Zimbabwe regulator cancels licence for Vimpelcom’s Zimbabwe unit

Reuters  29.04.2015

 

Zimbabwe’s telecoms regulator has cancelled the license of Telecel Zimbabwe, a unit of VimpelCom, with effect from April 28 and gave the operator 30 days to wrap-up its operations.

Zimbabwe’s telecoms regulator said on Wednesday it had cancelled the licence of unlisted mobile phone carrier Telecel Zimbabwe, a unit of Vimpelcom with effect from April 28 and gave the operator 30 days to wrap-up its operations. The Postal and Telecommunications Regulator of Zimbabwe did not give a reason in its statement. Telecel, which is 60 percent-owned by Vimpelcom, is the second biggest network in Zimbabwe but has since 2013 failed to pay a $137.5 million fee to renew its 20-year licence. The government had previously threatened to switch-off the carrier.

 

http://www.reuters.com/article/2015/04/29/zimbabwe-vimpelcm-telecel-idUSL5N0XQ4FG20150429

 

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