The Infrastructural Development Bank of Zimbabwe (IDBZ) has pledged to provide USD54 million to telecoms service provider TelOne and electricity provider Zimbabwe Power Company (ZPC) to support their projects on infrastructure development projects in the country, local news agency The Herald reports. IDBZ CEO Charles Chikaura said that TelOne will be subsidised in order to complete its ongoing national fibre-optic project.
According to TeleGeography’s GlobalComms Database, incumbent state-owned PSTN operator TelOne is Zimbabwe’s sole fixed line provider. TelOne’s 280km Harare-Mutare fibre backbone went live in March 2011, providing indirect access to the East African Submarine System (EASSy) via Beira in Mozambique. In April 2012 TelOne announced the completion of another fibre cable, this time from Harare to second-largest city Bulawayo. A separate cable link via Beitbridge and South Africa to the SEACOM undersea cable was due for completion in mid-2012 but has been shelved due to lack of funding.