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*Govt Owes TelOne $101 Million* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?gg State-owned fixed telecommunications provider TelOne is owed $101 million by the government and parastatals. The company’s managing director, Chipo Mtasa said that if the government pays its debts, it will be able to meet its immediate capital expenditure needs. Said Mtasa: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > The issue that will really help us is the Government paying its debts to TelOne. It is an issue that continuously plays havoc with our cash-flows. Right now the total that we are being owed by Government and parastatals is RTGS$101 million. > If we got all that money in, that is actually a good RTGS fund from which we can actually use for some of our immediate capital expenditure needs. We have an outstanding $5 million project, for example, that we really need to commission. And we can also pay other obligations. Meanwhile, the government will soon complete the assumption of TelOne’s US$383 million legacy loans after Cabinet gave the green light. *Related:* *Government Set To Inherit TelOne Debt* *Government Selling TelOne and NetOne As One Entity* *More: The Herald* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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