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Home » Telone in limbo over legacy debt clearance

Telone in limbo over legacy debt clearance

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STATE-OWNED telecommunications company, TelOne says there has not been any meaningful progress regarding the clearance of its legacy debts despite the government’s commitment to facilitate debt warehousing to free up its balance sheet. TelOne is owned by the government through Mutapa Investment Fund which also owns over a dozen of state-owned enterprises. As of January…

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