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
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, 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.
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, 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
BULAWAYO, February 13 (The Source) — State-owned fixed line operator, TelOne expects to recover $165 million in debts this year after collecting $123 million last year, an official said on Monday. The parastatal, which is owed $271 million by various players across the economy, including… Read More
HARARE, October 25 (The Source) – Zimbabwe’s fixed line operator, TelOne, says it sees data services eventually becoming the major contributor to the company’s revenue after it invested heavily into overlay services. Data now contributes over 40 percent of its total revenue, Telone’s Human Resources… Read More
HARARE, September 20 (The Source) – Zimbabwe’s state owned fixed line operator TelOne says it has processed transactions worth more than $4 million on its online payment platform in the six months to June 2016. The online payment platform was launched in July last year… Read More
BULAWAYO, September 2 (The Source) — State owned fixed line operator, TelOne, has reduced its operating costs by 16 percent in the first six months of the year, benefiting from a year long rationalisation exercise. TelOne cut wages by 15 percent across the board in… Read More
HARARE, August 10 (The Source) – Zimbabwe’s telecoms regulator says the sector’s revenue declined by 11 percent to $237,7 million in the first quarter of 2016. The Postal and Telecommunications Regulatory Authority (POTRAZ) said the sector has not been spared the effects of diminishing consumer… Read More
HARARE, July 11 (The Source) – State owned fixed line operator, TelOne is seeking government approval to embark on a $25 million fibre-to-home project countrywide under a Public Private Partnership (PPP) agreement with Chinese company, Wuhan FibreHome Technologies. In a concept note availed to the… Read More
HARARE, June (The Source) – Finance Minister Patrick Chinamasa has told TelOne management to diversify the state owned fixed network operator’s product offerings after it announced a dropped in revenue to $49,4 million for the first half of 2016, sliding from $60 million last year.… Read More
BULAWAYO, January 8 (The Source)—Zimbabwe’s state owned fixed line mobile operator TelOne says it will start drawing down the $98 million loan facility from China’s Exim Bank to finance its network modernisation programme by the end of this quarter. Zimbabwe and China signed an agreement… Read More
HARARE, December 1 (The Source) – Zimbabwe and China signed a string of deals late on Tuesday, headlined by a $1,4 billion agreement for the upgrade of Hwange thermal power plant and a fibre optic project for state-owned telecommunications firm TelOne, as Chinese president Xi… Read More