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Four foreign firms bid to acquire 50% of NetOne - report

2018-08-14 09:29:00| Telecompaper Headlines

(Telecompaper) Four foreign firms, including a US-funded Lebanese consortium and a South African telecommunications giant, are jostling to acquire between 45 percent and 50 percent of Zimbabwe's NetOne, The Independent reported, citing sources. According to the newspaper, other suitors are an UAE-based firm and group of investors in the diaspora. Insiders with details of the deal say the potential investors had shown a willingness to clean up NetOne's balance sheet and inject fresh capital into the state-run entity.

Tags: report foreign bid firms

Category:Telecommunications

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