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Telecel Zimbabwe Records $8 million Loss.

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The  big  question however still remains, if Telecel Zimbabwe  recorded  active  mobile subscribers,  what were  these subscribers  really actively  doing because  there is not any recorded  growth  anywhere  else except on subscribers.

Telecel Zimbabwe, the third largest mobile network in Zimbabwe has not found it as a walk in the park lately since January 2021 financial Perfomance.

The company  that  has been  suffering brain drain, lack of investment  and struggling to strategies way  out  of the doldrums has been singing the blues with their financials heading  south.

The  recent  financials gleaned  by  TechnoMag  reflect a major drop, with  ballooning costs and expenditures galloping  their dwindling revenues.

Telecel   Zimbabwe recorded a loss of $8 195 million from  a gross profit  of $44  446 million which  was destroyed  by  total operational costs of $52  641 million.

The once  mobile giant has been licking their wounds like a wounded lion that has had its domain taken over by a more powerful king in this case the likes of Econet who have been dominating year in year out despite their exorbitant charges and worse even the troubled Netone entangled in mishaps over CEO Lazarus Muchenje have even fared better than Telecel Zimbabwe.

Telecel seemingly has suffered a shortage of common sense to turn it around with no pragmatic solutions and what used to be the fastest growing and most promising mobile network in Zimbabwe is now a shadow of its formerself.

Since Vimplecom pulled out of Telecel Zimbabwe, the company has been on a free fall and no one really seems to care!

Telecel ZWL ‘ TOTAL REVENUE WAS 67 857 00 FROM A BUDGET OF 85 848 000 WHOSE VARIANCE WAS 17 991 00 A MINUS 27 % PATHETIC RIDE TO BRING HOME.

Actual gross margin was 65 % whose budget was 66 % with a 0% variance whilst actual total operational cost was 52 641 budgeted at 73 336 and a variance of 20 695.

Telecel Zimbabwe will soon become another National Railways of Zimbabwe, another Zisco steel, another CSC, mainly because there is strong appetite to destroy functional State owned enterprises and those in charge do not just care.

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