Regulator Cancels Licence Of Vodafone Franchise Holder In Zambia
The Zambia Information and Communications Technology Authority has released a statement announcing that Vodafone Zambia would cease to operate as from 20 October 2019.
Zambia’s communications regulator said on Thursday last week that it had cancelled the licence for Vodafone’s local franchise holder, due to a lack of financial and technical capacity.
In 2016, Vodafone licenced Afrimax, a telecommunications service provider in sub-Saharan Africa to bring its customers high-speed 4G data services utilising the Vodafone Zambia brand.
The firm, registered as Mobile Broadband Ltd has of late been experiencing various operational challenges and issued a statement in July revealing that its shareholders had failed to recapitalise it.
The Zambia Information and Communications Technology Authority declared in a statement that it had cancelled service and network licences issued to Mobile Broadband Limited trading as Vodafone Zambia Limited and that the company would cease operations from 20 October.
The statement went on to add that the cancellation is on the grounds that Mobile Broadband Limited had failed to fulfil the eligibility requirements by not being financially or technically capable of meeting the obligations and the terms and conditions of the licence.
Credit: This article originated from www.ewn.co.za