A local investment vehicle, Augustus Capital is earmarked to buy Telecel Zimbabwe, in a USD $175 million deal under the corporate rescue program, TechnoMag reports.
Article By TechnoMag Editor-in-chief, Toneo Toneo.
The move will see Telecel Zimbabwe partnering with a “giant regional telecoms player”, in a move that will definitely shake up the telecoms sector in Zimbabwe.
Augustus Capital was established as a special purpose investment vehicle to participate in the restructuring and proposed acquisition of Telecel Zimbabwe pursuant to the Corporate Rescue Proceedings.
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