Zimbabwe's second-largest mobile operator, NetOne, has agreed a vendor financing deal worth US$71 million with Huawei Technologies to help fund its network expansion in rural areas, according to local media reports.
The financing deal, in the form of a loan via Huawei from the China Exim Bank, will fund the expansion of state-owned NetOne's mobile network in hard-to-reach areas, reports The Herald.
That expansion will include the construction of 250 basestations during the next three months that will enable the provision of voice and data services, including mobile banking via NetOne's OneMoney platform, to rural communities.
NetOne is regarded as a laggard compared with market leader Econet Wireless, so this move to expand rural connectivity is part of its effort, under pressure from Zimbabwe's government, to improve its performance.
In an effort to cement its position as the gateway between Egypt and the rest of Africa, Liquid Telecom plans significant data center and network investments in the country during the next three years.
Investments are being made that will benefit the citizens of Africa, improve economies and perhaps most importantly give the people of Africa the opportunity to play their part in the Fourth Industrial revolution.