{"id":14564,"date":"2019-10-08T18:47:35","date_gmt":"2019-10-08T16:47:35","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=14564"},"modified":"2019-10-08T18:47:35","modified_gmt":"2019-10-08T16:47:35","slug":"telecel-subscriber-base-down-5-amid-ceos-incompetence-allegations","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/telecel-subscriber-base-down-5-amid-ceos-incompetence-allegations","title":{"rendered":"Telecel subscriber base down 5 % amid CEO\u2019s incompetence allegations"},"content":{"rendered":"

TELECEL Zimbabwe\u2019s subscriber base has dwindled 5 %, a Postal Telecommunications Regulatory Authority of Zimbabwe (POTRAZ<\/a>) sector performance released Friday showed.<\/p>\n

The revelations come amid allegations that the company\u2019s chief executive officer Angeline Vere is failing to set a recovery trajectory.<\/p>\n

Presenting the findings, POTRAZ director general, Gift Machengete said the mobile operator subscriber base declined significantly.<\/p>\n

\u201cTelecel\u2019s subscribers went down from 1.080. 606 to 1.027.445 registering a 4.9 % decline in the second quarter of 2019 at a time when Econet and NetOne subscriber bases grew 1.3% and 6.1% respectively. Telecel was the only mobile operator to record a decline in active subscriptions,\u201d said Machengete.<\/p>\n

It is believed that the Telecel board is unhappy with Vere\u2019s performance especially her failure to put together a recovery plan to salvage the nation\u2019s third largest mobile operator after years of below par performance.<\/p>\n

Sector industry statistics show Telecel\u2019s subscriber base dipped 12,3% in the fourth quarter of 2018 whereas its competitors Econet and NetOne recorded gains of 1,9% and 5.2% respectively.<\/p>\n

Under her watch, the company\u2019s management was alleged to have given its workers a salary increment without full board approval.<\/p>\n

Telecel also allegedly made a re-authorisation for annual service level agreement with its key vendors such as ZTE, Huawei and Obopay to the tune of nearly US$1m without following proper procedures.<\/p>\n

However , the company\u2019s management has in the past attributed the poor performance to lack of capitalisation.<\/p>\n

Meanwhile , the report said there was a marginal decline of 0.1% in active fixed telephone lines , a decline in fixed voice traffic of 6 % , significant growth in fixed telephone revenue.<\/p>\n

An increase of 45 % in fixed telephone operating costs from $41.4 million to $60 million, an increase in active mobile subscriptions of 1.8%, a decline of 1.1% in mobile voice traffic.<\/p>\n

\u201cThere was a substantial decline in mobile internet data usage of 8.2% , marked growth in mobile network revenues by 50.1%, against a 26 % growth in operating costs to record $233.7 million from $185.9 million,\u201d the report said in part.<\/p>\n","protected":false},"excerpt":{"rendered":"

TELECEL Zimbabwe\u2019s subscriber base has dwindled 5 %, a Postal Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) sector performance released Friday showed. The revelations come amid allegations that the company\u2019s chief executive officer Angeline Vere is failing to set a recovery trajectory. Presenting the findings, POTRAZ director general, Gift Machengete said the mobile operator subscriber base […]<\/p>\n","protected":false},"author":84,"featured_media":14568,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[525,329,937],"class_list":{"0":"post-14564","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-data","10":"tag-internet","11":"tag-telecel"},"yoast_head":"\nTelecel subscriber base down 5 % amid CEO\u2019s incompetence allegations - zimbabwe<\/title>\n<meta name=\"description\" content=\"TELECEL Zimbabwe\u2019s subscriber base has dwindled 5 %, a Postal Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) sector performance\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/telecel-subscriber-base-down-5-amid-ceos-incompetence-allegations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telecel subscriber base down 5 % amid CEO\u2019s incompetence allegations\" \/>\n<meta property=\"og:description\" content=\"TELECEL Zimbabwe\u2019s subscriber base has dwindled 5 %, a Postal Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) sector performance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/telecel-subscriber-base-down-5-amid-ceos-incompetence-allegations\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-08T16:47:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/2019\/10\/Machengete.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/telecel-subscriber-base-down-5-amid-ceos-incompetence-allegations\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/telecel-subscriber-base-down-5-amid-ceos-incompetence-allegations\",\"name\":\"Telecel subscriber base down 5 % amid CEO\u2019s incompetence allegations - 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