Zimbabwe: Money-Spinning Bidders for NetOne

Four foreign firms, including an American-funded Lebanese consortium and a South African telecommunications giant, are jostling to acquire between 45% and 50% equity stake in NetOne, in a deal that is expected to turn around the fortunes of the crisis-ridden state-owned mobile network operator (MNO).

According to informed sources, the other suitors are an Abu Dhabi-based firm and grouping of investors domiciled in the Diaspora.

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