Tag Search : NetOne

Telecom  |  Zimbabwe: NetOne Board Insists On CEO’s Suspension - Reports

Zimbabwe’s mobile operator, NetOne’s CEO, Lazarus Muchenje remains suspended despite the relief order that was granted by the High Court last week to halt the board from going ahead with a disciplinary hearing, the company has said. The telco wrote ...
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Telecom  |  Zimbabwe: NetOne Fails To Attract Majority Shareholding Investor - Reports

Zimbabwe’s struggling state-owned telco NetOne has reportedly failed to attract an investor to take over its majority shareholding (a 74% share). The country’s Finance Minister Mthuli Ncube had originally set September 2019 as the deadline for selling off the majority ...
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Zimbabwe: NetOne’s Franchise Programme Rakes In $200 Million -Reports

Zimbabwe’s state-owned mobile network operator, NetOne’s franchise programme has reportedly generated close to $200 million since its launch last year. The franchise programme is to improve the telecoms operator’s distribution channels as it creates efficiency and convenience, bringing NetOne’s products ...

NetOne Focuses On Mobile Money And Data Services To Avoid Liquidation -Reports

Zimbabwe’s state-owned mobile operator NetOne has revealed that it plans direct its focus towards data, financial services and entertainment media in order to avoid liquidation. The company’s Public Relations, Marketing and Customer Experience executive Eldrette Shereni said that NetOne decided ...

Zimbabwe's Auditor-General Raises Concerns Over NetOne's Future

Zimbabwe's Auditor-General Mildred Chiri has raised concerns over the ability of state-owned mobile firm NetOne to continue its operations based on many financial risks identified by her office. NetOne is among a list of state-owned telecom companies that the government ...

Zimbabwe Sets September Deadline For Privatisation Of TelOne And NetOne

According to Zimbabwe’s Finance Minister Mthuli Ncube, the country’s government-owned mobile operator, TelOne, and its subsidiary NetOne, will be partially privatised by September 2019. Ncube announced that NetOne and TelOne had accumulated a joint financial loss of more than US$100-million. ...

Zimbabwe’s NetOne Boasts Rapid Growth

Zimbabwean state-owned mobile network operator, NetOne has posted positive revenue with 11,6 million for the month of October 2018, the second month in a row.  The country’s second-largest telecommunications firm has been on an upward trend during talks of privatisation. ...