Telecom

Zimbabwe’s Telecel taken to court over $749,900 debt

Zimbabwe’s Telecel taken to court over $749,900 debt
Friday, 29 November 2019 16:17

Zimbabwe’s third-largest mobile operator by subscribers, Telecel Zimbabwe, has been taken to the High Court by Egyptian ARPU Telecommunications Services S.A.E Limited over a $749,900 debt.

The plaintiff says the debt is the result of several unpaid invoices inherent in a partnership it signed with ARPU on August 1, 2016, for the provision of technical and infrastructure support enabling the operator to offer its customers value-added services in the fields of sports, religion, information, and entertainment.

The two partners had agreed that a monthly report would be prepared to determine the volume of traffic generated by each service and the subscription fees paid by users. Based on these data, Telecel would pay the Egyptian company 30% of the total subscription fees collected. But Telecel did not respect its commitments.

ARPU Telecommunications Services now requests the Court to order Telecel to pay it, in addition to the $749,900, representing the total amount of the accumulated invoices, damages calculated from the date of the claim to the date of full payment.

On the same topic
MTN South Africa to invest $1.3 billion in network expansion Funding targets broadband, 4G/5G rollout and infrastructure upgrades Investment...
South Africa partners Google to offer 10,000 AI skills scholarships Program targets youth employment via training in digital fields Initiative...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth and attract dedicated investment Mobile money revenue...
Mauritania receives four compliant bids for planned 5G rollout Licensing process advances as operators begin technical preparations Rollout aims to...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
03

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.