HARARE, September 13 (The Source) – Fixed telecom operator, TelOne, has applied for a licence to set up a Video On Demand (VOD) Service in the country as it seeks to transform its business model to a converged information and communications technology firm. VOD is… Read More
HARARE, September 8 (The Source) – The High Court on Friday lifted the ban by the Broadcasting Authority of Zimbabwe on Dr Dish, allowing it to distribute Kwese TV content in Zimbabwe following an urgent chamber application.
BULAWAYO, September 7 (The Source) — Fixed telecoms operator, TelOne, says its legacy debt has grown to $374 million, putting off potential partners and attracting higher cost of borrowings.
HARARE, August 17 (The Source) – State-owned mobile operator, Netone, in collaboration with First Mutual Life (FML), on Thursday launched a low cost funeral policy supported by a $10 million BancABC facility.
HARARE, August 3 (The Source) – Internet and mobile based transactions reached $1,56 billion in May, nearly double from $814 million in January driven by massive uptake of the electronic payments. “This has gone a long way at reducing reliance on hard cash by business… Read More
HARARE, July 3 (The Source) – Revenue for Zimbabwe’s mobile operators fell by 9.7 percent from $199.2 million to $179.8 million in the quarter to March, as voice income plummeted and operating costs spiked, the regulator reported. Operating costs were up 5.7 percent from $128,6… Read More
HARARE, June 23 (The Source) – Fixed telecoms operator, TelOne made a loss of $24,9 million in 2016 due to a decline in voice revenue and the high cost of servicing legacy loans.
By Simbarashe Zishiri, HARARE, June 14 (The Source) – Zimbabwe’s largest mobile operator, Econet continues to leverage on broadband and mobile transactions growth to protect its topline against a background of waning voice and SMS revenues owing to the downside presented by over-the-top (OTT) services.… Read More
BULAWAYO, June 2 ( The Source) — State-owned telecoms operator, TelOne, says it has recovered $40 million from debtors in the first four months of the year. “We have recovered around $40 million. But it’s not nearly enough considering that we are being owed more… Read More
HARARE, May 31 (The Source) – Econet Wireless, Zimbabwe’s largest telecommunications company, has reported a 10 percent fall in annual profit to $36,2 million, citing a decline in consumer spending. Revenue dropped 3 percent to $621,7 million in the period from $641 million recorded in… Read More
HARARE, May 18 (The Source) – Zimbabwe’s smallest mobile network operator, Telecel is in discussions with investors over a $200 million loan seen as crucial to reviving its operations. Telecel has 1,8 million active subscribers out of its 4,6 million total customers according to the… Read More
HARARE, April 21 (The Source) – Econet Wireless Zimbabwe major shareholder ,Econet Wireless Global will control 40 percent of the telecoms firm following a $130 million rights offer which left a quarter of the shares on offer unsubscribed. The company on Friday published the results… Read More
HARARE, April 6 (The Source)- Government needs to consolidate its interests in the ICT sector to unlock value from investments made and avoid duplication of structures, an industry official has said. Zimbabwe has a fairly vibrant ICT sector which boosts of growing numbers of mobile… Read More
HARARE, March 29 (The Source) – Econet Wireless Zimbabwe’s $130 million rights issue was undersubscribed by over 75 percent, mirroring the depth of the country’s liquidity crunch, with the underwriter pumping in $100 million, according to officials with knowledge of the transaction. Econet Wireless Global,… Read More
HARARE, March 13 (The Source) – State-owned fixed line operator TelOne slipped to a $35 million loss in 2016 after income from its voice service dropped by a quarter, documents have shown. The telco, seen as one of the more stable parastatals, sank into the… Read More