Telecel Zimbabwe, the country’s third-largest mobile network operator, is actively seeking new investors to support its revival. The company, currently under corporate rescue, has invited potential investors to take up stakes. Interested parties must register with Grant Thornton Chartered Accountants by April 28, 2026, to access a data room containing operational information and relevant documents.
This move is part of the corporate rescue strategy led by practitioners Kundai Tibugare and Bulisa Mbano, aiming to restore the company’s financial health. Telecel Zimbabwe’s struggles began in October 2025, when it entered voluntary corporate rescue due to significant debt and declining market share.
Creditors have already been asked to submit proof of claims by April 10, 2026, as part of the rescue process. The company’s subscriber base has been declining, with a 5.05% loss in active mobile users in Q2 2025 and 11.69% in Q1 2025.
The search for new investors marks a critical step in Telecel Zimbabwe’s efforts to overcome its financial challenges and revitalize its operations. The outcome of this process will determine the company’s future in Zimbabwe’s competitive telecommunications market.
