Telecel commits to 7-year payment plan
New CEO Angeline Vere said the payment of the June instalment is part of an agreement between the company and the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) to pay its $137,5 million operational licence fee over a seven-year payment plan.
“Telecel is happy to announce that we’ve paid the licence instalment that was due for the month of June in line with our agreement with Potraz. We’re already preparing for the next instalment, which is due in December this year in accordance with our contract with the regulator,” said Vere.
The smallest of Zimbabwe’s three mobile telecoms operators, Telecel nearly got its operating licence revoked by Potraz for failing to satisfy their telecommunication licence requirements by failure to service the Licence Renewal Agreement with the government, but was granted a stay of execution by the High Court.
The CEO said Telecel “remains fully committed to working with the government of Zimbabwe to meet and better all legal, financial,operational and regulatory requirements within the agreed time frames.” — BH24