TelOne seeks investors for USD 300 mln capitalisation

Tuesday 21 July 2020 | 09:34 CET | News
Zimbabwean operator TelOne says it is looking for investors to inject around USD 300 million into the recapitalisation of the business, The Herald reported. It has just concluded a network enhancement called the National Broadband Project, which was funded by a USD 98 million China Exim Bank loan facility. MD Chipo Mtasa said the projected recapitalisation would further capacitate TelOne's operations and service offerings.

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Categories: Fixed
Companies: TelOne
Countries: Zimbabwe
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