TelOne is confident on targeting 300K active landline users
The network with the widest coverage in Zimbabwe, Telone, says it is in a renewed drive to increase its subscriber base in order to grow the company’s revenues and return to profitability. Last year the company made a loss of $24,9 million due to a decline in voice revenue and the high cost of servicing legacy loans. Earlier this month telone said the legacy debts had risen to $374 million.
TelOne managing director, Chipo Mutasa told journalists that the company’s subscribers had declined from 300,000 to around 230,000. She also said that ” Telone hopes that they can grow it back to 300,000 and beyond in the next couple of years because the landline is still a very relevant service and people want convenience and affordability”.