PowerTel secures $100 million vendor financing

PowerTel secures $100 million vendor financing
Published: 16 July 2013
Powerful Communications, a telecoms unit of State-owned power utility Zesa Holdings, could be close to securing $100 million vendor financing from China Eximbank as the firm embarks on a network expansion programme, the company has announced.

MD Patrick Farai Chivaura said PowerTel had been expanding using internal resources and 20 base stations had already been installed.

He added that the communications company was now working with the government to process the securing of the funds.
- newsday

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