Business / Companies
NetOne restructuring paying off
27 Oct 2016 at 07:29hrs | Views
The government's move to restructure NetOne is paying off, with the latest telecommunication sector quarterly report showing the mobile phone company closing in every day on its main rival.
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says NetOne was the only company to register positive revenues, with a market share growth of 4,7%. Its market share increased to 34,7% from 33,8% in the first quarter of 2016.
The Potraz report said NetOne was the only operator to register an increase in active subscriptions, gaining 3,5% to 4 512 359 from 4 360 298 in the first quarter.
The company has gone on an aggressive drive around the country launching base stations and increasing awareness. NetOne recently signed an over $400m loan facility with China Eximbank for various projects, among them base stations, equipment and technological innovations.
Source - newsday
