From Zimbabwe, media reports claim fixed telecommunications operator TelOne plans to invest $90 million into new projects, especially data.
The telecommunications company’s Managing Director Chipo Mtasa is quoted in The Herald as saying that the business is conducting feasibility studies on projects, but there is a need to focus on the data business.
Mtasa explained that the budget of $90 million will be used in 2014 and 2015 in line with cost reduction measures the company wants to implement.
In addition to new projects, TelOne aims to establish more ‘one stop shops’ to beef up sales on voice and broadband services.
The issue of unsettled accounts has reportedly affected adoption of company’s services, including ADSL.
According to the report, the TelOne is owed over $200 million by customers who have defaulted on payments.
Chris Tredger – Online Editor