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Zimbabwe: “TelOne looks to raise US$250 million to modernize operations”

Zimbabwe: “TelOne looks to raise US0 million to modernize operations”

Rédaction Africa Links 24 with crmushonga
Published on 2024-02-16 08:53:46

Focused on the company’s plans to elevate its technological capacities and service offerings, Mr. Lawrence Nkala, CEO of TelOne (Private) Limited, recently announced the development of a technology roadmap that necessitates an investment of US$250 million. The primary objective of this investment is to position the company as a modern and innovative communications solutions provider, capable of meeting the evolving needs of its customers. Mr. Nkala shared these details during a media engagement that commenced in Harare and will conclude in Bulawayo today.

TelOne (Private) Limited, a wholly-owned Zimbabwean telecommunications company, has been a key player in the country’s communications sector for several decades. As technological advancements continue to reshape the industry, TelOne is striving to adapt and enhance its capabilities to remain competitive and relevant in the market. The US$250 million investment, as outlined in the company’s technology roadmap, is a testament to TelOne’s commitment to embracing cutting-edge solutions and positioning itself as a leader in the telecommunications arena.

During the media engagement, Mr. Nkala elaborated on the specific areas where the investment will be directed. He emphasized the importance of upgrading TelOne’s infrastructure to support high-speed internet connectivity, improved network reliability, and enhanced security measures. Additionally, the company aims to expand its service offerings to include advanced communication solutions, such as cloud-based services, digital telephony, and integrated data management platforms. These initiatives are designed to cater to the growing demands of corporate clients, small and medium businesses, and individual consumers who rely on TelOne for their communication needs.

In his address to journalists, Mr. Nkala highlighted the significance of this technology roadmap in driving economic growth and digital transformation in Zimbabwe. By investing in state-of-the-art telecommunications infrastructure and services, TelOne seeks to contribute to the country’s development agenda and empower businesses and individuals with access to reliable and efficient communication tools. This, in turn, can have a cascading effect on various sectors of the economy, enhancing productivity, connectivity, and competitiveness on both a local and global scale.

The US$250 million investment proposed by TelOne is not merely a financial commitment; it represents a strategic vision to position the company as a catalyst for technological progress and innovation in Zimbabwe. By embracing the latest advancements in communication technology, TelOne aims to bridge the digital divide, enable inclusive growth, and create opportunities for all Zimbabweans to participate in the digital economy. This aligns with the government’s efforts to promote a thriving ICT sector and leverage technology for socio-economic development.

As the media engagement continues in Bulawayo, stakeholders, industry experts, and the public are keen to learn more about TelOne’s technology roadmap and the potential impact of the US$250 million investment. The company’s ambitious plans to transform its operations, expand its service portfolio, and enhance its technological capabilities are generating interest and excitement within the telecommunications sector. With a clear vision and a substantial financial commitment, TelOne is poised to embark on a journey of innovation and progress that can shape the future of communications in Zimbabwe and beyond.

Read Original article on The Herald

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