Telkom in talks to buy Zim operator: report

Telkom is in talks with Zimbabwe’s state-owned mobile telecommunications operator, NetOne, as the government weighs the privatisation of the business, Bloomberg reported.

The news wire quoted Zimbabwean State Enterprises Restructuring Agency CEO Edgar Nyoni as saying that the agency is still consulting with government, but is “discussing” the possible privatisation.

News of the possible sale of NetOne comes amid talk of the privatisation of government-owned assets to bolster the country’s depleted fiscus.

NetOne is Zimbabwe’s second largest telecoms operator after Econot Wireless, founded by billionaire Strive Masiyiwe.  — (c) 2018 Bloomberg LP