China Exim Bank Set To Avail A Loan To Netone For Base Stations Upgrade And Expansion

By Alvine Chaparadza

Mobile network operator (MNO), Netone is set to secure a loan worth $71 million from Chinese state financial institution, China Exim Bank,. The loan is meant to upgrade its existing infrastructure, particularly base stations and increase base stations by expanding to areas which have poor connectivity. Speaking about the loan facility, NetOne chief executive Mr. Lazurus Muchenje said;

We are talking and we will soon receive a purse of $71 million. The funds will be put in the construction and upgrading of base stations around the country……We have areas that were …read more

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