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 at the Zimbabwe Agricultural Show 2023

TelOne participated in the 2023 edition of the Zimbabwe Agricultural Show , under the theme "Sustained growth, Adaption, Productivity, and Linkages." TelOne presented on various products including Teltrack, Crop monitoring and VSAT.

TelOne attends the inagural Nursery Management Inmates Training Graduation Ceremony at Zimbabwe Prisons and Correctional Service Chikurubi Farm Prison

The programme equipped graduands with knowledge and skills that will be useful as the inmates re-integrate into society after serving their respective sentences.

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.