Mutapa plots telecoms behemoth
… seeks scale to fend off rising competition
LIVINGSTONE MARUFU Mutapa Investment Fund (MIF), Zimbabwe’s sovereign wealth fund, is exploring the creation of a telecoms behemoth by consolidating the balance sheets of state-linked operators—NetOne, TelOne, Powertel, and Telecel—into a single, streamlined entity, Business Times can report. The move is designed to unlock scale and equip the country’s digital infrastructure to withstand competition from…
