NetOne says USD45m loan will see it increase subscribers to 2m

7 Jun 2010

Zimbabwean government-backed mobile operator NetOne has received a USD45 million loan from Export-Import Bank of China to expand the coverage and capacity of its network, with the aim of more than doubling its subscriber base, Reuters reports, quoting local state-owned media. NetOne, the country’s third largest cellco, said that the loan will ‘significantly impact on service and quality.’ Its managing director, Reward Kangai, announced: ‘We hope that with this provision, we will be able to cover the whole country,’ adding that subscribers will rise ‘from 700,000 to two million by the end of this year.’

Zimbabwe, NetOne