Telecel here to stay: Vere …as govt plans 100% takeover

By Daniel Chigundu

MOBILE telecommunication services provider Telecel Zimbabwe says it is here to stay and is 100 percent behind its various stakeholders.

Telecel which was recently acquired by government through National Social Security Authority (NSSA) is a strong contender in the country’s mobile market provides a variety of top-drawer services.

Addressing guests the company’s executive cocktail recently, Telecel Zimbabwe chief executive Angeline Vere said they were using the event to boldly announce to the world that they are staying put and will continue to offer brands that give value.

“The theme of today’s briefing is “Here for you 100 percent” this one line neatly sums up what Telecel is and has always been about. We have built our brand around you our customers and ensuring that our innovative offerings bring value and convenience to you in a consistent and sustainable way.

“Even when things have been tough we have always put you first through a business model that is customer-centric in its make-up and being. I am here to reinforce that promise to you tonight – Telecel is here for you 100 percent through affordable value offers.

“Our brands, promotions and offerings are also designed to meet this heart-felt promise. Take for instance the recently reintroduction Mega Bonus, our voice promotion that gives 100 percent bonus across all networks and across all recharge denominations of a dollar or more. Mega bonus benefits are to be received instantly upon a successful recharge there is no need for you to opt-in. I think you all agree that’s real value,” she said.

Above the various packages that it is offering, the mobile phone company also a Telecel business a package that is designed to meet the communication needs of small to medium enterprises, corporates, clubs and any other institutions.

These contract based packages have attractive benefits that include but are not restricted to unlimited local calls, bonus text, voice and data.

Telecel Business  comes with a closed user group functionality whereby members of that group can make calls within the group for free, thereby reducing your business telephone bill.

Speaking at the same occasion guest of honour minister Supa Mandiwanzira revealed that government will support Telecel in all its initiatives to help make it a vibrant business.

“It is with great pleasure that I stand before you this evening, to announce that Telecel has turned a corner and those issues are well behind the vibrant red brand and to assure you that the company’s  future is bright orange.

“I am here to proudly declare that the government, which is the new majority shareholder in Telecel, is very keen to support any initiatives that will position the company as a vibrant, successful and profitable entity. I wish to assure you, our distinguished guests who are here tonight and all other stakeholders elsewhere, that Telecel’s continuity is assured.

“As soon as the government finalized the purchase of the 60 percent stake in Telecel, in January 2017, it made an immediate capital injection of US$5 million into the operation,” he said.

Meanwhile, minister Mandiwanzira has revealed that government is working on acquiring the remaining 40 percent stake in the mobile company to douse shareholder wars.

“Government has plans to ultimately buy 100 percent of the Telecel business.  Efforts are to sanitize the ‘shareholder wars’ and eventually make the business private through listing or selling.  Advisors will advise us which route to take.

“In the mean-time and behind closed doors, the Shareholders and the Telecel team are working diligently to secure additional funding in order to recapitalize the organization and ensure that Telecel competes effectively in the telecommunication industry.

“At this stage, negotiations and discussions are ongoing with financiers for an investment of over US$200 million to kick-start the Telecel project,” said the ICT minister

The US$200 million is expected among other things to ensure the company rolls out new technologies to meet subscriber needs.

Telecel is currently doing its network upgrades necessary to close the identified and well-known gaps in its service provision and will also be rolling out its 4.5G LTE infrastructure by the third quarter of 2017.

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