TelOne recovers $40mln debt

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

Telecel Zimbabwe seeks $200mln reboot

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

Telecom sector revenue up 3pct in Q4

HARARE, March 8 (The Source) –  Zimbabwe’s telecommunications sector reported a three percent increase in revenue to $269,5 million in the quarter to December as revenues across all subsectors grew, the latest report by the industry regulator has shown.       In a report the Postal… Read More

ZSE orders Econet to postpone EGM

HARARE, Feb 1 (The Source) – Econet Wireless Zimbabwe’s extraordinary general meeting, slated for Friday to consider a proposed $130 million capital raise, has been postponed indefinitely, the Zimbabwe Stock Exchange (ZSE) has said. Econet’s capital call has generated some controversy largely due to its… Read More