TelOne fights money troubles but keeps building better phone networks across Zimbabwe. The company cannot find banks willing to lend cash for major upgrades. Business partners refuse to pay their bills on time. The telecom giant uses money from sales to fund new projects. Engineers refuse to give up despite these tough financial problems.
Workers built 29 brand new cell towers during 2024 to boost internet speeds. They connected 12,000 families to super-fast fiber internet at home. The company finished a massive customer service center with 102 seats for helping callers. Digital systems got major upgrades to handle more users at once. These improvements help customers get better phone and internet service.
TelOne made ZiG2 billion in sales last year compared to less money before. The wholesale business doubled its earnings to reach 81.8 gigabytes of data sales. Enterprise customers helped the company grow profits another 26 percent during the same period. Cloud storage services attracted more businesses looking for online data backup. Home internet subscribers reached nearly 148,000 people paying about 12 dollars monthly.
Running the business cost ZiG1.4 billion because of rising prices and equipment repairs. Criminals keep stealing copper cables and damaging network equipment around the country. The company still earned ZiG416 million in operating profits after paying all expenses. Chief Executive Lawrence Nkala promised more infrastructure spending without outside loans. TelOne plans to keep improving services using money from satisfied customers.
Workers built 29 brand new cell towers during 2024 to boost internet speeds. They connected 12,000 families to super-fast fiber internet at home. The company finished a massive customer service center with 102 seats for helping callers. Digital systems got major upgrades to handle more users at once. These improvements help customers get better phone and internet service.
TelOne made ZiG2 billion in sales last year compared to less money before. The wholesale business doubled its earnings to reach 81.8 gigabytes of data sales. Enterprise customers helped the company grow profits another 26 percent during the same period. Cloud storage services attracted more businesses looking for online data backup. Home internet subscribers reached nearly 148,000 people paying about 12 dollars monthly.
Running the business cost ZiG1.4 billion because of rising prices and equipment repairs. Criminals keep stealing copper cables and damaging network equipment around the country. The company still earned ZiG416 million in operating profits after paying all expenses. Chief Executive Lawrence Nkala promised more infrastructure spending without outside loans. TelOne plans to keep improving services using money from satisfied customers.
