Telkom in talks to buy NetOne

HARARE - Telkom is in talks with Zimbabwe’s State-owned mobile telecommunications operator, NetOne, as the government weighs the privatisation of the business.

Telkom is engaged in supplying telecommunication, multimedia, technology, information and other related information technology services to the group customers, as well as mobile communication services, in Africa.

The company operates in two segments: Telkom, which provides fixed-line access, fixed-line usage, data communications services, mobile voice services and handset sales, and BCX, which provides business solutions based on information and communications technology and runs information communication technology (ICT) systems and manages products, services and solutions.

Zimbabwean State Enterprises Restructuring Agency CEO Edgar Nyoni said that the agency is still consulting with government, but is “discussing” the possible privatisation. News of the possible sale of NetOne comes amid talk of the privatisation of government-owned assets to bolster the country’s depleted fiscus.

NetOne is Zimbabwe’s second largest telecoms operator after Econet Wireless, founded by billionaire Strive Masiyiwa. 

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