Trustco, Cell One Venture Comes Under Spotlight

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By Desie Heita

Windhoek

The communication regulator and the financial institutions supervisor have expressed reservation on the operational technicality of Trustco Mobile, a joint product between Cell One and Trustco Group.

Launched last week, Trustco Mobile sells virtual mobile airtime on behalf of Cell One. The airtime is sold in exchange for a one-month life cover insurance to consumers, which could be up to N$100?