RSS   Newsletter   Contact   Advertise with us

VimpelCom and Global Telecom to sell their operations in Zimbabwe

Staff writer ▼ | November 18, 2015
VimpelCom announced that its 51.9% owned subsidiary, Global Telecom Holding has entered into an agreement with ZARNet to sell its stake in Telecel International for $40 million.
VimpelCom
Communications   Telecel International owns 60% of Telecel Zimbabwe
Telecel International owns 60% of Telecel Zimbabwe (Pvt) Ltd. Transfer of ownership to ZARNet will occur after customary conditions are satisfied.

ZARNet is wholly owned by the Government of the Republic of Zimbabwe through the Ministry of Information & Communication Technology, Postal and Courier Services.


 

MORE INSIDE POST