Struggling Telecel seeks lifeline through voluntary corporate rescue

HARARE – Telecel Zimbabwe, the country’s smallest mobile network operator, has placed itself under voluntary corporate rescue, a last-ditch move that gives the struggling company temporary protection from its creditors while it attempts to revive operations.

The decision, effective October 27, 2025, was lodged with the Master of the High Court and the Registrar of Companies under Section 122 of the Insolvency Act, the company’s board said in a statement.

Telecel will be shielded from lawsuits or asset seizures for the duration of the process, giving it vital breathing room to attempt a turnaround.

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