Business / Companies
Zim telecoms company to invest $70 million
13 Jan 2012 at 06:40hrs | Views
One of Zimbabwe's leading telecoms company, Telecel Zimbabwe, plans to invest $70 million this year to expand and upgrade its networks.
Telecel said it was able, through good engineering work and use of the latest technology, to achieve its planned expansion in a cost-effective manner.
The project said implementation of the optic fibre project was part of plans for the overall expansion of the Telecel network during 2012.
Last year Telecel established 127 base stations at new sites around the country, covering both 2G and 3G services.
Telecel plans to establish base stations at more than 300 new sites that result in improved network coverage. He said the company planned to enhance its 3G coverage and capacity in all the country's main centres.
Last year the company launched a mobile banking partnership with ZimSwitch and this has enabled ZimSwitch-linked financial institutions to offer their customers mobile banking services using the ZimSwitch platform and Telecel's network.
Telecel said it was able, through good engineering work and use of the latest technology, to achieve its planned expansion in a cost-effective manner.
The project said implementation of the optic fibre project was part of plans for the overall expansion of the Telecel network during 2012.
Telecel plans to establish base stations at more than 300 new sites that result in improved network coverage. He said the company planned to enhance its 3G coverage and capacity in all the country's main centres.
Last year the company launched a mobile banking partnership with ZimSwitch and this has enabled ZimSwitch-linked financial institutions to offer their customers mobile banking services using the ZimSwitch platform and Telecel's network.
Source - NewsDay
