Zimbabwe: Govt to Cede TelOne, NetOne Majority Shares By Year-End

Government is moving to complete the sale of its majority shareholding in fixed telecommunications company TelOne and mobile operator NetOne by year-end, businessdigest has learnt.

There has been an interest by various investors to enter the telecoms sector in Zimbabwe. Among those who have expressed interest in the past are South African mobile giants MTN and Telkom, as well as multi-billionaire daughter of former Angolan President Eduardo dos Santos, Isabel. Government is looking to dispose of its stake and retain just 26% shareholding in both companies.

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