Telecel Zimbabwe Shareholding
The Fingaz on Thursday revealed a new twist to the Telecel Zimbabwe shareholding question. Apparently Telecel International may have to cede more than just 11% shareholding to local entrepreneurs. Telecel International agreed to a POTRAZ requirement in 2007 to give up 20% of its 60% shareholding but it didn’t.
Depending on how the inclusive government deals with this, “The company could be forced to honour its initial deal it signed with Telecel Zimbabwe to offload 20 percent from its current 60 percent shareholding to indigenous players in the venture.”
Telecel Zimbabwe’s board of directors has announced that its acting chairperson, Jane Mutasa, has been suspended from the board to enable her to defend herself against the criminal charges that have been preferred against her in Zimbabwe.
The following statement was issued after a board meeting that took place today:
“At the extraordinary board meeting of the Board of Telecel Zimbabwe, held on March 19, 2010, the directors resolved to suspend Mrs Mutasa as director of the company to afford her an opportunity to defend herself against the charges that have been preferred against her by the state following allegations of fraud brought to the police by the company.
Earlier today, the mobile phone giant, Nokia announced that Skype for it’s Symbian smartphones is now available for free download in its OVI store. Mobile users can now use 3G or Wi-Fi connections to call each other for ‘free’ without needing to route the call through mobile operators.
This is a big game changer for mobile operators. Charging subscribers for call minutes is getting harder and harder to justify and this just another nail in the regular calls’ coffin.
Econet though seems to have seen this coming. It has been heavily investing in reinventing itself into a data career (aka ISP). Just last week, it launched it’s fibre network project and promised to make it available to other service providers in the future. Econet founder, Strive Masiyiwa, sums it up in the YouTube video – “As an operator our basic responsiblity and task, is build a network and to provide coverage and connectivity to as many people as possible. That is the instruction we give to our executives.”
Telecel, the second largest mobile operator in Zimbabwe, confirmed today that it has unearthed a recharge cards fraud case amounting to US $ 1,7 million.
The unscrupulous Telecel employees involved in the case, swindled the company through issuing recharge cards and starter packs using manual invoices, an invoicing method long banned by the company.
Starting today, if you have a Telecel mobile line and need to call someone in the US, the UK, Australia, the Emirates, China or India (Update: Canada too), you will be charged local call rates. Calls to these destinations can now be made for as little as 25 US cents. Note though that this doesn’t apply to calls to Vodafone numbers in the UK.
This compares quite favorably to making international calls on other Zim mobile networks (Econet and NetOne) which costs anything between US $0.30 and US$8,70 depending on the international grouping of the destination.
The website of the second largest mobile operator, Telecel was taken down this morning. It’s not clear why. We suspect one of two things; either the site’s design and content was now just so outdated it wasn’t doing justice to the name of this fast growing telco, or this could be a security issue,some nasty hacking business. We’ve sent an email of inquiry.
If the first reason is the case (and we hope it is) it wouldn’t have hurt to put some useful info there in addition to the wrongly worded “Telecel Zimbabwe Website is currently under construction”. Maybe a logo for identity purposes and additional text like “You can reach us on the following telephone numbers… and we’re at this physical address.” And maybe some kind of time estimate of how long things will stay like this.
A week ago we bemoaned the fact that with both NetOne and Telecel not on 3G, Econet subscribers wouldn’t enjoy video calling to friends on these networks. Well, not anymore. We’re told Telecel will be launching its own 3G service in about 3 weeks… moving quite fast to catch up to the world aren’t we! […]