TelOne
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TelOne, NetOne to be Privatised
Government has intensified efforts to partially privatise telecommunication companies Telone and NetOne and is offering the two entities to potential investors as a joint package. Cabinet yesterday gave the nod to this arrangement after a presentation by Finance and Economic Development Minister Professor Mthuli Ncube. Public enterprise reforms are espoused in Government’s Transitional Stabilisation Programme…
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TelOne Gears up For Privatisation
TelOne says it has appointed a consultant who will advise the company on the restructuring of its staggering $380 million debt as it seeks to clean its books and attract private capital. TelOne is among a number of state-owned enterprises and parastatals that have been earmarked for reform as government moves to wean off the…