Telecel considers going public

Zimbabwe’s second largest mobile phone operator by subscription, Telecel, yesterday said it was considering listing on the Zimbabwe Stock Exchange (ZSE) as the company seeks capital to embark on a massive network expansion.

Report by Bernard Mpofu  Chief Business Reporter
Newly appointed chief executive officer Francis Mawindi said Telecel was planning to roll out 200 new base stations across the country by year end, bringing the total number to 576.

 
He added that the telecoms company was seeking to increase its coverage to 85%, before increasing to 90%, in a development that would require a huge capital outlay.

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