Telone Over the weekend scooped the top Zimbabwean ICT Investor of the year award under the Zimbabwe Investment Authority dinner awards held last Friday.
The telecoms company got recognition for its latest ICT investment which amongst others included the $4 million local data centre and it’s ambitious fibre project which seeks to connect from Maputo to Johannesburg.
The recognition comes hard after the telecommunications regulator reported that their fixed phone business is seeing a come back as subscribers retain confidence in their telephony business, however, this was their biggest investment ever in history which is now facing serious challenges of vandalism and absoluteness.
The guest of honour Hon minister Minister of Macro-Economic Planning and Investment Promotion Simba Mumbengegwi said Zimbabwe has to work towards ease of doing business and reduce the waiting period before a company is registered.
The once fixed telecommunications service provider has seriously diversified into the IP business offering converged telecommunications service online as a major come back strategy.
TelOne Projected a next profitable trading season as it has already started reaping fruits from its China-Afrixebank loan with $33million already withdrawn from thealready withdrawnity.