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Government To Sell NetOne To MTN?

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The MDC Alliance Vice President Tendai recently spoiled the beans on claims that President Emmerson Mnangagwa and business tycoon Kuda Tagwirei are plotting to sell NetOne to MTN South Africa in a bid to frustrate Strive Masiyiwa owner of Econet Wireless.

Cabal’s fresh new ambition is to acquire Econet, failure of which they will dilute the same’s dominance of the local market through the sale of NetOne to MTN. Attacks on Econet will be crude and vicious but will fail. The imposter and his children possess an insatiable appetite.

Tendai Biti

The government once hinted that it was going to make a follow up with South African telecoms giants Telkom and MTN to form a joint package as a way to deliver good service to its stakeholders. Finance minister confirmed the move to a journalist in a post-cabinet media saying,

We are aware of this (Telkom and MTN interest) but we are saying that government will get better value for money if these are floated together as a package. We will approach them, by the way, to let them know, they have a much bigger asset to compete for in the form of the two assets together as opposed to a TelOne or NetOne as was the case before. Now that we have got both fixed telephony and mobile telephony in terms of NetOne and TelOne, you would need suitors who can adequately handle those two aspects of telephony.

NetOne has been fused with a lot of controversy lately which witnessed the dismissal of its CEO who also was recalled after some accusations.

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