Govt owes NetOne $10 million

Govt owes NetOne $10 million
Published: 21 February 2014

State-owned wireless network operator, NetOne, says it is owed $10 million by government, a development that has affected its operational efficiency. 

Its chief executive, Reward Kangai, said the company, the smallest by subscriber base among Zimbabwe's 3 mobile networks has struggled to get its money from some government institutions since introduction of the multi-currency system in 2009. 

Overall, Kangai said NetOne is owed a total of $28 million by subscribers. 

He said they had appealed to Obert Mpofu's Transport and Communication ministry to assist in the recovery of the RBZ debt. 

Kangai hoped the network will reach 8.4 million subscribers in the near future on the back of a $219 million loan from China.

- dailynews
Tags: NetOne,

Comments

Latest News

Latest Published Reports

Latest jobs