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.
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Ghana signs a deal with eLearning Africa to expand digital learning access across the country.• The partnership focuses on deploying modern digital...
Ghana launches the Oncology Nurse Leadership Program (ONLEP) to train specialized oncology nurses from seven African countries. The five-year...
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...