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Zimbabwean government expects privatisation of TelOne, NetOne by September

Tuesday 26 March 2019 | 09:48 CET | News
Zimbabwean state-owned telecoms company TelOne and its mobile subsidiary NetOne will be partially privatised by September, ITWeb reported, citing finance minister Mthuli Ncube. He said the two operators have a joint financial loss of more than USD 100 million. He said the government is looking to fast-track the partial privatisation, which will result in the state owning at least 40 percent equity in TelOne and NetOne, which are being offered as a joint package to potential investors led by MTN and Telkom.

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Categories: Mobile & Wireless
Companies: MTN / NetOne / Telecel / Telkom / TelOne
Countries: Zimbabwe
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