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*'Privatisation Of Netone Expected To Markedly Improve Its Performance' - Parly Committee* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?hu The Parliamentary Portfolio Committee on Information Communication Technology is fully behind government plans to privatise parastatals such as TelOne, NetOne, Zarnet and Telecel. The Committee chaired by Kuwadzana East MP Charlton Hwende (MDC Alliance) said that privatising the entities will ensure that they will be run profitably and cease to be a drain on the fiscus. The committee report read in part: ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > … In light of this, the plan by government for partial privatisation of TelOne is expected to bring new opportunities for growth, with anticipation for a positive outlook in terms of revenue, profit as well as debt management, and all these buoyed by broadband and over the top (OTT) services. > For the 2018 financial year, NetOne expects to make a profit. As of October 31 2018, NetOne reported a profit of $14,9 million after cost containment strategies were put in place. > While voice revenue is declining, it is the data revenue which will be the driver of these profits. In addition, future performance is expected to markedly improve due to the pending privatisation of NetOne. *Related:* *Government To Implement Parastatal Reforms: Mthuli Ncube* *More: Newsday* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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