Source: Telecel revival on the cards: Dr Mangudya – herald
Harmony Agere
The Mutapa Investment Fund is looking at ways to resolve the “issues” at Telecel before the telecommunications company can be taken on board as part of its assets, a top official has said.
In recent years, the mobile operator has lagged behind its competitors in terms of both market share and revenue.
In response to questions from the audience during the inaugural Zimpapers Public Lecture Series at the Harare Institute of Technology (HIT) this morning, MIF CEO Dr John Mangudya acknowledged the challenges being faced by Telecel.
“We are aware of the difficulties at Telecel, the first priority is to resolve these issues to enhance its competitiveness,” he stated.
“We can’t simply bring them on board without first ensuring their viability; otherwise, we would be throwing money down the drain.
“There is also the issue of shareholding. The Government owns 60 percent, and we can’t just take the other 40 percent and say you are now 100 percent owned by the Government, so it’s a process,” said Dr Mangudya.
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