Zimbabwean Govt Said to Acquire Stake in Telecel

November 13, 2015


Govt buys VimpelCom’s stake in nation’s 3rd biggest mobile-phone co. for $40m, Harare-based newspaper reports, citing unidentified sources.

* Govt plans to fully own Telecel Zimbabwe through state-run ZARNet;
* NOTE: July 15, Zimbabwe Co. Considers Buying VimpelCom’s 60% Stake in Telecel. Source: Bloomberg