TelOne seeks USD30 million investment

5 Jul 2013

TelOne, Zimbabwe’s sole fixed line operator, seeks a further USD30 million to upgrade its old infrastructure, The Africa Report has stated.The company’s managing director Chipo Mtasa said: ‘Our infrastructure is aging. We need to upgrade it. We need USD30 million to kick-start some of the projects,’ adding that TelOne’s re-capitalisation project might take up to three years to complete. According to the article, Mrs Mtasa also revealed that TelOne is currently expanding its ADSL infrastructure, and the company’s short-term plans encompass the completion of nine fibre-optic backbone rings nationwide.

According to TeleGeography’s GlobalComms Database, the government of Zimbabwe pledged a major investment in fibre infrastructure via state-owned network operator TelOne. Presenting the country’s 2013 budget, finance minister Tendai Biti said that the government will target completion of the Bulawayo–Beitbridge and Bulawayo–Victoria Falls fibre-optic links by the end of the year. Although installation of the high speed fibre-optic backbone route linking Victoria Falls to the country’s second-largest city Bulawayo was scheduled to be finished in July 2013, TeleGeography has been unable to confirm the current status of the fibre route.

Zimbabwe, TelOne