TelOne recovers $100m debts, eyes 4% revenue growth

State-owned fixed line operator TelOne sees 4% growth in revenue in 2015 after it recovered $100 million from debtors that would improve its working capital position, managing director Chipo Mtasa has said.

Last year, TelOne engaged debt collectors to recover $190 million from its customers, including $40 million owed by government in unpaid telephone bills.

However, its capital expenditure for the year is still under discussion and subject to approval by government.

She said TelOne will expand fibre access to homes through the Gigabit Passive Optical Network.