HARARE, November 1 (The Source) – Chinese telecoms giant ZTE says it intends to expand its footprint in Zimbabwe’s information technology and communication (ICT) sector with plans to invest in 4G and 5G technology.
HARARE,October 31 (The Source)- Econet Wireless reported a threefold increase in after tax profit to $48,9 million in the six months to August from $14,97 million recorded in the same period last year on increased revenue coupled with a marked decline in finance cost.
HARARE, October 23 (The Source) – Zimbabwe’s telcos revenue in the quarter to June increased by 3.2 percent to $185.6 million from $179.8 million recorded in the previous quarter, the industry regulator has said.
HARARE, September 26 (The Source) – State-owned fixed line operator Telone says it is in a renewed drive to increase its subscriber base in order to grow the company’s revenues and return to profitability. Last year the company made a loss of $24,9 million due… Read More
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