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‘Bust Telecel needs $300m’

HARARE – Zimbabwe’s third largest telecommunications company, Telecel, is “technically insolvent” and needs about $300 million to stay afloat, businessdaily has learnt. This is at least according to information contained in Empowerment Corporation (EC) managing director Patrick Zhuwao’s court affidavit over the 40 percent sale and war. In the papers, the ex-deputy minister said the…

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