ZIMBABWE'S SNO TELEACCESS COULD LOSE ITS LICENCE AS IT FAILS TO MAKE PAYMENTS
According to a Reuters report, a private company that has Zimbabwe's second fixed-line network license could have the permit revoked after it failed to roll out its network, the telecommunications regulator said. TeleAccess has not yet built its network four years after being awarded the license.
Cuthbert Chidoori, Director General of the Postal and Telecommunications Authority of Zimbabwe, said that the authority had notified TeleAccess of its intention to cancel the license. The company’s lawyers have asked the regulator to justify the cancellation.
Chidoori told a parliamentary committee that TeleAccess had failed to pay the full USD5 million initial payment for the license required last year and had not yet paid an additional USD8 million due by the end of next month. TeleAccess has unsuccessfully applied for two additional licenses for Internet services and data provision. The company now requires more than ZD1 trillion (USD161 million) to roll out the network, compared to ZD8 billion (then USD146 million) four years ago.