Business Reporter
LEADING state owned telecommunications provider , TelOne Zimbabwe continues to defy the odds with latest reports showing that revenue increased 10% to ZiG2,6 billion during the year, driven mainly by a 60% increase in data usage as demand for broadband services continued to grow.
TelOne continues to grow as the preferred cheaper option for data services among internet service providers.
“Revenue for the period under review increased by 10% to ZiG2,6 billion, reflecting steady underlying growth compared to the prior year, anchored by continued network infrastructure investment,” TelOne said.
“Data usage during the period remained the primary growth driver, registering an increase of 60% compared to the same period last year.”
TelOne also reported strong growth from its strategic partnership with Starlink, generating US$3,7 million in revenue during 2025, up from US$215 000 in 2024.
“The business fully realised value out of its strategic partnership with Starlink a low-earth-orbit satellite service, recording revenue to the tune of US$3,7 million in 2025, up from US$215 000 in 2024,” TelOne said.
The company’s data centre business also continued to grow, providing another source of revenue diversification beyond traditional telecommunications services.
Representing Information Communication Technology, Postal and Courier Services minister Tatenda Mavetera, the ministry’s chief director Prince Sibanda acknowledged the debt challenge and said the government was working to address it.
“We recognise that debt remains a major constraint on the company’s ability to mobilise affordable capital and accelerate modernisation,” Sibanda said.
“Government appreciates the efforts being made to pursue sustainable solutions to this inherited burden.”
He urged the company’s board and management to continue strengthening corporate governance, financial management, accountability and operational efficiency.
