Telecel, a Zimbabwean mobile operator, has filed for voluntary corporate rescue, which the company's board says is intended to rehabilitate the ailing telco.
The telco has been shedding subscribers over the past few months as service plummeted, sparking a rise in complaints over poor network quality and stability from users.
Now, the company’s board has filed for voluntary corporate rescue with the Master of the High Court. The voluntary corporate rescue will protect the business and its assets from liabilities and other claims against it while it works on rehabilitating its operations.
“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],” Telecel Zimbabwe said in a notice this week.
It explained that the voluntary corporate rescue was “filed with the Master of the High Court and the Registrar of Companies and took effect” on the 27th of October 2025.
Furthermore, this “corporate rescue process is designed to rehabilitate the company and does not signify an intention to liquidate” the operations of Telecel Zimbabwe.
The corporate rescue process also imposes a “general moratorium on all legal proceedings” against Telecel Zimbabwe in line with legal statutes, it said.
The company lost 5.05% of its active mobile subscriber base in the second quarter of the current year.
In the first quarter of 2025, Telecel Zimbabwe lost 11.69% of its network users, according to telecommunications sector data from the Posts and Telecommunications Regulatory Authority of Zimbabwe.
Mobile voice traffic and data usage on the Telecel Zimbabwe network has also been plunging over the past few quarters.
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