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TelOne seeks investors for USD 300 mln capitalisation

2020-07-21 09:34:00| Telecompaper Headlines

(Telecompaper) Zimbabwean operator TelOne says it is looking for investors to inject around USD 300 million into the recapitalisation of the business, The Herald reported. It has just concluded a network enhancement called the National Broadband Project, which was funded by a USD 98 million China Exim Bank loan facility. MD Chipo Mtasa said the projected recapitalisation would further capacitate TelOne's operations and service offerings.

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Category:Telecommunications

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