Zimbabwean operator looks for foreign investors - Mobile World Live

Zimbabwean operator looks for foreign investors

11 MAR 2011

Zimbabwe’s state-owned mobile operator NetOne is in talks with a number of potential foreign investors about taking a significant minority stake in the company. Potential partners include South African operator MTN. Any investment would be limited to a maximum 49 percent of NetOne because of the country’s law restricting foreign ownership of telecoms infrastructure. NetOne is looking to raise at least US$100 million to modernise its network.
 

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