My heart bled at the death of pragmatic solutions to turn around what used to be the fastest growing and most promising mobile network in Zimbabwe.Since Vimplecom pulled out of Telecel Zimbabwe, the company has been on a free fall and no one really seems to care!
Telecel will soon become another National Railways of Zimbabwe(NRZ), another Zisco steel, another Cold Storage Commission (CSC), mainly because there is strong appetite to destroy functional State owned enterprises and those in charge do not just care.
Board members are still earning hefty allowances, management still getting their packs and the shareholder still smoking the Cuban cigar while listening to the Titanic band playing their harp as they slowly sink.
Employees are dumping the organization and the most desperate are clinging on, striking, hoping the wheels will turn.
Telecel lost all its sharpest minds through brain drain as the company struggled to pay its employees, but wait a minute, there is more, its even struggling to switch on base state stations and can’t generate own revenue.
The situation is so dire that one may be forgiven to think that Telecel has no owners or shareholders, yet alas they are there, they just don’t give a hoot.
Their focus is currently on destroying the small operational entities, milk and loot every functioning government state owned enterprises(SOE’s) till they are down on their knees, then move on and find more to destroy.
These are public enterprises hence the shareholders account to the next generation and need to be stopped before they destroy all the SOE.
When the government bought Telecel Zimbabwe after a vigorous fight from potential suitors, we thought they had a plan, its only safe to think that even the other shareholder Empowerment Corporation (EC) must have a heart to see Telecel live.
The biggest problem is capitalization and brain drain. management as well has failed to make the sinking ship float, but its only a matter of time.
At what point in time will the shareholders realize that its no longer valuable to maintain it as an asset, before they dispose it to serious telecommunication players .