Zimbabwean Govt Said to Acquire Stake in Telecel

 In news

Govt buys VimpelCom’s stake in nation’s 3rd biggest mobile-phone co. for $40m, Harare-based newspaper reports, citing unidentified sources.

* Govt plans to fully own Telecel Zimbabwe through state-run ZARNet;
* NOTE: July 15, Zimbabwe Co. Considers Buying VimpelCom’s 60% Stake in Telecel. Source: Bloomberg

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