Government, through the Postal and Telecommunication Regulatory Authority (Potraz), recently cancelled Telecel’s licence over the service provider’s failure to pay for an operating licence.
Telecel approached the High Court yesterday, arguing that it must have its licence back.
Potraz gave Telecel a 30 day grace period to wind down operations.
Supa Mandiwanzira, the ICT minister, has already appeared before a parliamentary committee where he indicated that several suitors had approached his ministry wishing to take over the stakes at Telecel.
"I have received more than five offers from investors in South Africa, Zimbabwe and the United States. They have said they have the money and can pay
the licence fees tomorrow, and I have said if they want to buy Telecel,they should discuss with the shareholder," he said.Post published in: News