Zimbabwe: International Calls Push Telone Revenue

Mergers, Acquisitions and Financial Results

The country's only fixed line network, TelOne, reported a 14,2 percent growth in turnover to US$35,341 million during the last quarter of 2015, driven by a rise in incoming international traffic, according to industry data from the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ).

Revenue for the previous quarter was at US$30,9 million, POTRAZ said in the report that showed that despite the switch towards mobile telecoms by subscribers, there could still be room for fixed line services.

TelOne says landlines offer the most reliable network connections than mobile phone firms.

TelOne, whose performance had suffered drastically until the arrival of Chipo Mtasa as managing director about three years ago, has been on an aggressive marketing drive to recapture subscribers.
Source: Financial Gazette Harare