communications Regulatory Authority (POTRAZ) said Telecel had violated telecommunications regulations which stipulate that locals must have a majority stake in mobile telephone companies.
Telecel was the only other privately owned mobile telephone operator after Econet Wireless. The other operator, Tel*One is owned by the government.
Telecel’s majority stake of 60 percent is currently owned by Telecel International while the remainder is owned by Empowerment Corporation. POTRAZ said the company’s licence had been cancelled on 9 August 2007 in terms of Section 43 of the Postal and Telecommunications Act (Chapter 12:05).
Leo Mugabe, President Robert Mugabe’s nephew has been at the center of infighting that has dogged Telecel for the past two years insisting that he be given a stake in Empowerment Corporation (EC). The other EC members, however, resisted his demands saying Mugabe was never a member of EC because his cheque was returned by the bank.
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