Telecel To Invest US$540 Million In 5 Years To Improve Services

Mobile phone service provider , Telecel Zimbabwe said it will inject US$540 million into its operations over the next five years to improve service to its subscribers.

Telecel chief executive Mrs Angeline Vere revealed the plan during a familiarisation tour by the Parliamentary Portfolio Committee on Information Communication Technology and Courier Services yesterday. The committee wanted to understand the operations of the mobile network operator, its operational challenges and how Government could assist it in overcoming them. Said Vere:

Telecel is looking at a five-year investment plan, in total we are looking at US$540 million spread over five years with the biggest investment in the first two years. The investment will bring the network into the modern era. We will have 4G which will assist a lot of businesses in Zimbabwe. We are looking at giving a smart service to the generality of Zimbabweans through that investment, so our customers out there should expect a very modern network.

Vere said they were being affected by the shortages of foreign currency to import equipment and to procure fuel.

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