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ZIMBABWE: NetOne starts search for new chief
Published in issue 00765 of 27 Apr 2017

Following the dismissal of Reward Kangai in 2016, State-owned NetOne is looking for a new Chief Executive Officer, NewsDay reported lat week. Kangai was dismissed following allegations of corruptio... More

ZIMBABWE: Econet expands own holding
Published in issue 00765 of 27 Apr 2017

Econet Wireless Zimbabwe’s majority shareholder has acquired up to 26 percent of the rights issue, increasing its shareholding to nearly 40 percent, The Independent reported.  In ... More

ZIMBABWE: POTRAZ puts MVNO options out to consultation
Published in issue 00763 of 13 Apr 2017

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has issued a consultation regarding the introduction of MVNOs into the Zimbabwean mobile sector. The proposals are contai... More

ZIMBABWE: EWZ readies to pay off overseas loans
Published in issue 00763 of 13 Apr 2017

Econet Wireless Zimbabwe (EWZ)'s USD 130 million rights issue was undersubscribed by over 75 percent, with the underwriter having to find some USD 100 million, according to officials with knowledge... More

ZIMBABWE: Applications considered for NetOne expansion opportunities
Published in issue 00763 of 13 Apr 2017

State-owned mobile operator NetOne expects to create some 20,000 jobs as it draws down its USD 218 million facility in the next 30 days.  The bulawayo24.com Website reports that thousan... More

ZIMBABWE: TelOne starts exchange upgrade and codes
Published in issue 00761 of 30 Mar 2017

State-run fixed line operator TelOne has set up new area codes as part of a national broadband project which will be implemented in phases.  TelOne said in a statement that it was in th... More

ZIMBABWE: TelOne draws down a third of Exim loan
Published in issue 00761 of 30 Mar 2017

State-owned fixed-line telco TelOne has drawn down USD 33 million from the China Exim Bank’s USD 98 million facility, NewsDay reported.  In 2016 TelOne started on a National Broad... More

ZIMBABWE: Econet sees rising revenues in Q4
Published in issue 00761 of 30 Mar 2017

In the final quarter of 2016 telecommunication revenues rose by 2.8 percent to USD 269.55 million from USD 262.022 million in the previous quarter. The quarter saw marginal subscriber growth a... More

ZIMBABWE: TelOne records loss in 2016
Published in issue 00760 of 23 Mar 2017

Fixed line operator TelOne has reported a 23.7 percent fall in revenue for the full year ending 2016 to USD 119.6 million, from USD 148.1 million recorded in 2015.  TelOne said that whi... More

ZIMBABWE: NetOne continues to grow its subscriber base in Q4
Published in issue 00759 of 16 Mar 2017

State-owned mobile operator NetOne saw its active subscriber base growing by 14 percent last year to 4.71 million whilst its competitors saw a fall in numbers, latest figures from the Postal and Te... More

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