TelOne (Private) Limited 9th Annual general Meeting

TelOne (Private) Limited shareholders met on 29 June 2023 for the 9th annual general meeting (AGM)

Mail Image

 

Board Chairman Dr. Douglas Zimbango
Acting Chief Executive Officer Eng. Lawrence Nkala

TelOne (Private) Limited  hosted its 9th Annual General Meeting, posting an inflation adjusted operating profit of ZWL 7.1 billion up from ZWL4.3 billion achieved in the previous year amid acute operational challenges owing to exchange rate volatility, the consequent impact on the debtors book as well as the impact of delayed tariff reviews. On the other hand, TelOne also recorded at least US$510,000 in lost revenue and network elements for the period ended 31 December 2022. These losses stemmed from 402 network vandalism incidents and a total of 51 500 clients were affected by vandalism-induced downtime in 2022, amounting to a 30% increase from 39 965 clients that were affected in 2021.

 

 

More articles

TelOne FC Team and Kit Unveiling

TelOne Football Club was established in 2015 by employees and proceeded to join the Central Region Division One Soccer League in 2016. TelOne WIFI Boys Football Club is a promising team with a passion for the sport and a drive to succeed.

Fibre network now available in Gunhill and Alex Park

Gunhill and Alex Park switch Over to super-fast fibre!

Enrolment for the February 2024 Intake now in progress

Don’t miss this opportunity to join TelOne Centre for Learning and take the next step towards achieving your academic and professional goals.