Zim’s NetOne in talks with Telkom

Business Day - - FRONT PAGE - God­frey Marawanyika

Zim­babwe’s state-owned mo­bile oper­a­tor has be­gun talks with Telkom about a pos­si­ble joint ven­ture, the head of the pri­vati­sa­tion agency says.

Zim­babwe’s state-owned mo­bile oper­a­tor has be­gun talks with Telkom about a pos­si­ble joint ven­ture, the head of the pri­vati­sa­tion agency says.

Zim­babwe’s trea­sury is ac­cel­er­at­ing the sale of govern­ment as­sets to raise money needed to fix in­fra­struc­ture that has fallen into dis­re­pair after al­most two decades of mis­rule un­der for­mer pres­i­dent Robert Mu­gabe. NetOne is one of at least 35 com­pa­nies ear­marked by the state to be of­fered to pri­vate in­vestors.

“We are still con­sult­ing within govern­ment, but we are dis­cussing it,” Zim­bab­wean State En­ter­prises Re­struc­tur­ing Agency CEO Edgar Ny­oni said on Wed­nes­day. “For now, we can’t give out de­tails to third par­ties, but we are dis­cussing it.”

Zim­babwe has three mo­bile phone com­pa­nies: Econet Wire­less Zim­babwe, Tele­cel Zim­babwe and NetOne.

Telkom de­clined to com­ment on the talks. The com­pany eval­u­ates busi­ness op­por­tu­ni­ties “in line with our am­bi­tion to in­vest for growth and gen­er­ate re­turns”, it said.

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