Telecel Zimbabwe, one of the country’s mobile network operators, has officially filed for voluntary corporate rescue, a legal process aimed at rehabilitating financially distressed companies. The move, announced by the company’s board, is intended to stabilize operations, protect assets, and chart a path toward recovery.
In a formal notice issued this week, Telecel stated:
Take note that on the 22nd of October 2025, the board of directors of Telecel Zimbabwe (Private) Limited passed a resolution to place the Company under voluntary corporate rescue in terms of section 122 of the Insolvency Act [Chapter 6:07].
The filing was submitted to the Master of the High Court and the Registrar of Companies, officially taking effect on 27 October 2025. The company emphasized that this process is not a step toward liquidation, but rather a strategic intervention to restore operational and financial health.
Telecel’s decision comes amid a period of sustained operational decline. Over the past two quarters, the company has experienced a significant drop in its active mobile subscriber base:
- Q1 2025: A 11.69% decline in network users
- Q2 2025: A further 5.05% drop in active subscribers
These losses have been accompanied by a surge in customer complaints, particularly regarding network instability and poor service quality. The deterioration in service has eroded consumer confidence and contributed to the company’s shrinking market share in Zimbabwe’s competitive telecommunications sector.
