Yesterday, TelOne commissioned the Makuti-Chirundu Fibre Link which connects Zimbabwe to Zambia (“and beyond”). To the uninitiated, a Fibre Optic link is simply part of fibre optic infrastructure providing a data connection between points. According to TelOne MD Chipo Mtasa the new fibre link was constructed at a cost of US$1.5 million and will give […]
TelOne earlier today launched Impact Learning – an eLearning platform that was in the work before the COVID-19 pandemic hit. According to TelOne’s Managing Director Chipo Mtasa the platform was being built with TelOne Centre for Learning (TCFL) in mind and the students at this institutions were already making use of the platform. Mtasa says […]
TelOne’s Managing Director recently revealed in an interview that they are owed ZW500 million by consumers yet to pay their telephone bills and this is having an adverse impact on service delivery. We are currently owed just over ZW$500 million from outstanding telephone bills by our clients, mostly government, parastatals, corporates and individuals. Chipo Mtasa […]
A majority of TelOne subscribers experienced an internet blackout earlier today. The internet service provider has issued a statement explaining what went wrong and apologised to subscribers. You can read TelOne’s full statement below: To Our Valued Clients and Stakeholders TelOne regrets to inform all our valued stakeholders and clients of the 2hours 55 minutes […]
TelOne has since used $54 million from their $98 million loan. This has gone to the digitization of 90 out of a total of 150 exchanges. Also completed is the Bulawayo – Beitbridge backbone project which will link to South Africa. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash […]
TelOne Managing Director- Chipo Mtasa This guest post was authored by Eng. Jacob Kudzayi Mutisi. The 27th of April is the day that the world celebrates Girls in ICT (Information and Communication Technology). International Telecommunication Union’s Girls in ICT Day is a global initiative aimed at raising awareness among girls and young women about the importance […]
TelOne is in the final stages of launching a video streaming broadband package for its ADSL and fibre customers. The package will allow TelOne customers to stream movies by paying for streaming in addition to the regular packages. At least that’s the plan from what we understand so far. Speaking to Techzim this past week, TelOne Managing […]
In the same retrospective spirit, we took a look at what happened in the local technology space and came up with our list of the 10 most influential in this space.
Despite this decline in revenue TelOne registered an increase in operating profit from $7 million to $8,2 million while its net profit decreased to $5,8 million as a result of the impact of exchange rate fluctuations on its legacy loans which are held in Yen and Euro currencies.
For the period ending 31 August 2015 TelOne managed a 187.1% increase in profit before tax from the previous year’s $6,2 million to end the 2015 financial year on $17,7 million.
The question though is whether or not this is the right thing to do for a new TelOne that is slowly defining itself as a true corporate competitor in Zimbabwean telecoms. Without help from the government It has started to define itself as a game changing operator with the potential to upset the status quo in telecoms.
Recently, Chipo Mtasa, the CEO of TelOne pointed out that the fixed telecoms operator had reached a debt repayment deal with Econet Wireless and Telecel. TelOne will pay $24 million to Econet and another $5 million to Telecel. Mtasa referenced a “tripartite offset arrangement” between Government, Telone and Econet and the extension of money towards that debt.
According to a business update published by state-owned telecoms enterprise, TelOne, the operator has registered profits of $479,000 in the first half year of 2015, a figure which represents a positive turn from last year’s half-year loss of $7 million.
Telone is reported to have joined the Labour realignment bandwagon and slashed salaries by 15 percent. It has also implemented a raft of measures to reduce the overall wage bill.
In case you wanted a glimpse of what took place at Broadband Forum 2015, here are some of the moments that were captured.
It turns out that TelOne now wants to make use of its mobile network licence by pursuing a partnership with another state-owned mobile operator, NetOne. This will make TelOne the fourth mobile operator and brings into play some interesting dynamics on infrastructure sharing.
It’s only one month into the year so it’s still OK to have a long list of resolutions and to make a set of promises. Even the captains of industry are on the same tip actually. As far as promises and expectations in local tech are concerned, TelOne has got me excited the most. Chipo Mtasa, […]
Information reaching us suggests that TelOne is about to announce the appointment of Chipo Mtasa as new managing director of the company. Mtasa will take over from acting MD, Hampton Mhlanga who, according to our sources, will resume his substantive post of Technical Director of the fixed line operator and internet provider.