Three foreign operators are currently in talks to buy a 49% stake in Zimbabwean mobile operator NetOne, African Manager reports.
NetOne’s managing director Reward Kangai was quoted saying that negotiations with potential investors, including South…
Three foreign operators are currently in talks to buy a 49% stake in Zimbabwean mobile operator NetOne, African Manager reports.
NetOne’s managing director Reward Kangai was quoted saying that negotiations with potential investors, including South Africa’s MTN, were close to being finalised.
He reportedly said that the company was currently reviewing offers and its shareholders would be informed in the near future.
The government is seeking to raise funds to make up for the US$800m budget deficit. In addition to Net One it has also put on for sale fixed-line operator Tel One.
NetOne was not immediately available for comments.
