Zim government looking to combine telecoms holdings

7 Mar 2016

The government of Zimbabwe is reportedly looking to merge its various telecoms holdings into a single entity in a move designed to avoid duplication, increase efficiency and minimise losses. According to a report from ITWeb Africa, the Ministry of Information, Communication, Technology, Postal and Courier Services (MICTPCS) is looking to combine some or all of its operations, which include wholly owned units TelOne, NetOne, Zarnet and PowerTel and majority stakes in mobile operator Telecel and ISP Africom. It is not yet known whether Telecel will be included in the deal; last year the government agreed to acquire Vimpelcom’s 60% interest in the cellco via Zarnet, but there has been some speculation that the unit will be restructured and a stake sold off to a new overseas investor.

Zimbabwe, Africom, NetOne, PowerTel, Telecel Zimbabwe, TelOne