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New twist to Telecel takeover

HARARE – The disposal of Telecel Zimbabwe (TZ) by its international parent VimpelCom Limited (VimpelCom) continues to be mired in controversy as James Makamba’s Empowerment Corporation (EC) has threatened to sue the Netherlands-based company over pre-emptive rights in the 60 percent sale. This also comes as private equity firm Brainworks Capital Management (BCM) is still…

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