NetOne hunts for new CEO

NetOne hunts for new CEO
Published: 18 April 2017 (525 Views)


STATE-OWNED telecoms operator, NetOne is looking for a new chief executive officer following the dismissal of Reward Kangai last year on allegations of corruption.

Kangai was initially suspended and the company later terminated his contract.

Brian Mutandiro has been acting CEO since then.

In a vacancy notice published on Sunday, NetOne said the incumbent will report to the board of directors and will lead, in conjunction with the board, the development of the company's strategy to maximise shareholder value and enhance the positioning of the company.

It said the incumbent will lead and "oversee the implementation of NetOne's long and short-term plans in according with its strategy" and "establish parameters for expanding the range of products and services and for introducing new technologies in the business".

Interested candidates have up to May 5 to submit their applications.

Last year, ICT, Postal and Courier Services minister Supa Mandiwanzira promised to restructure the management at NetOne in a bid to resuscitate the ailing mobile operator.

The restructuring has seen the appointment of new executives and the company is set to relaunch its mobile money product.

Since his appointment as acting CEO, Mutandiro has steadied the NetOne ship, with the company closing in on Econet in terms of active subscribers.

Latest statistics from the Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) showed that NetOne's active subscriber base grew by 14% last year to 4 712 410 when rivals registered a drop in numbers.

Data from Potraz showed that in 2016, NetOne added 577 690 new active subscribers, while Econet and Telecel's numbers declined by341 787 and 114 387, respectively.

The growth in active subscribers saw NetOne's market share increasing to 36,6% in the fourth quarter ended December 31 up from 36,4% in the previous quarter.

Econet's market share was flat at 49,4%, while Telecel's share dropped to 14% in the quarter from 14,2% in the previous quarter.

Mobile revenue was up 2,4% to $199,2 million. The growth in revenue was spurred on by Econet, which saw its revenue growing by 4,2% in the fourth quarter of 2016 to $152 383 272.

Telecel and NetOne's revenues declined by 2,4% and 3,4% respectively.

- newsday

Tags: CEO, NetOne, Telecoms,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Zanu-PF, MDC-T refuses to commit to gender equality

by Staff reporter | 22 April 2018 | 193 Views

Mukanya, Tuku collabo on cards

by Staff reporter | 22 April 2018 | 178 Views

LIVE: Highlanders vs Shabanie

by Staff reporter | 22 April 2018 | 144 Views

LIVE: Caps United versus Dynamos

by Staff reporter | 22 April 2018 | 184 Views

Fired nurses reapply

by Staff reporter | 22 April 2018 | 201 Views

Mr Chamisa, What Do You Stand For?

by Charles, Harare (student) | 22 April 2018 | 134 Views

Our government will prioritise rural development - Chamisa

by Fanuel Chinowaita | 22 April 2018 | 219 Views

Chipinge youths endorse Chamisa

by Fanuel Chinowaita | 22 April 2018 | 217 Views

Economy over politics, says Mnangagwa

by Staff Reporter | 22 April 2018 | 151 Views

'Thokozani Khupe, why bed an unrepentant tribalist?'

by Angela Takawira | 22 April 2018 | 359 Views

Man (30) kills drinking mate over puppy

by Simbarashe Sithole | 22 April 2018 | 151 Views

2018 polls: It's game on

by Staff rpeorter | 22 April 2018 | 104 Views

MDC-T hand behind nurses strike

by Staff rpeorter | 22 April 2018 | 141 Views

Mukanya has no intentions of dying in a foreign land

by staff rpeorter | 22 April 2018 | 115 Views

'Nedbank can help Zim economy'

by Staff reporter | 22 April 2018 | 97 Views

Diamond giant wants Zimbabwe gems

by Staff reporter | 22 April 2018 | 98 Views

Zimbabwe angling for $213bn diamond sub-sector

by Staff reporter | 22 April 2018 | 95 Views

Big welcome for Mukanya

by Staff rpeorter | 22 April 2018 | 82 Views

Mnangagwa doing things differently

by Staff reporter | 22 April 2018 | 113 Views

Sibusiso Moyo rallies nation, Diaspora

by Staff reporter | 22 April 2018 | 80 Views

Big Charlie needs your help

by Staff reporter | 22 April 2018 | 93 Views

Makamba plotting a smear campaign against Supa Mandiwanzira?

by Staff reporter | 22 April 2018 | 114 Views

470 000 houses to be constructed

by Staff reporter | 22 April 2018 | 85 Views

Zanu-PF, MDC-T receive $9m

by Staff reporter | 22 April 2018 | 123 Views

Dismissed nurses panic, end strike

by Staff reporter | 22 April 2018 | 68 Views

Bosso stalk elusive Shabanie

by Staff reporter | 22 April 2018 | 90 Views

SA firm applies for $200m Nkayi Road construction

by Staff reporter | 22 April 2018 | 39 Views

Bulawayo Chiefs shock FC Platinum

by Staff reporter | 22 April 2018 | 84 Views

Mnangagwa meets Russians

by Staff reporter | 22 April 2018 | 44 Views

Ex-bodyguard bares all on Nikita Mangena

by Staff rpeorter | 22 April 2018 | 192 Views

ZITF kicks off

by Staff reporter | 22 April 2018 | 43 Views

MDC-T congress endorses Dr Khupe

by Staff reporter | 22 April 2018 | 76 Views

Why Tuku may be more loved than Mapfumo

by Staff rpeorter | 22 April 2018 | 94 Views

WATCH: Triangle late comeback stuns Bulawayo City

by Staff rpeorter | 22 April 2018 | 85 Views

Omega Sibanda, Chiyangwa in Zanu-PF primaries

by Staff reporter | 22 April 2018 | 50 Views

Hlalani Kuhle project to be completed in 16 years

by Staff reporter | 22 April 2018 | 41 Views