TelOne seeks $30 million

TelOne seeks $30 million
Published: 04 July 2013
TelOne requires $30 million to kick-start projects to upgrade its infrastructure and finish the fibre optic cable installations in the country, TelOne managing director Chipo Mutasa has said adding the company required funds for recapitalisation and was pursuing various options in that regard.

She said the company would require three years to complete its recapitalisation projects.

She said the company was expanding its asymmetric digital subscriber line (ADSL) project, but could not divulge further detail as it was still work in progress.

Mutasa said in April this year, the parastatals laid fibre optic cables between Harare and Bulawayo, Harare and Kariba and Harare and Forbes border post in Mutare linking it to East African Submarine System in Maputo.

She said the company was working on Bulawayo-Victoria Falls and Bulawayo-Beitbridge fibre projects.

Mutasa said the company plans to complete nine backbone fibre optic rings nationwide to offer diversity routing and for restoration purposes ensuring 100% link availability.

She said the challenges that were being faced in the fibre optic cable work included intense competition in the development of backbones at the expense of quality service, lack of synchronisation of investments with some routes being over-invested and others under-invested.
- businessdaily
Tags: TelOne, ADSL,

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