Zimbabwe now working with IFC as it seeks buyer for state telcos

27 Jul 2020

The government of Zimbabwe is now working with the International Finance Corporation (IFC), a unit of the World Bank, in its efforts to privatise fixed line incumbent TelOne and its mobile sister company NetOne. Zimbabwe had previously engaged PricewaterhouseCoopers (PwC) but has cancelled the contract after the failure to attract a buyer. The government is looking to merge the two telcos and sell off a 60% interest in the combined firm.

Zimbabwe, NetOne, TelOne