NetOne hunts for new CEO

NetOne hunts for new CEO
Published: 18 April 2017 (400 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

Senior citizen shoved into fire over gossip

by Staff reporter | 16 October 2017 | 73 Views

Nkosana Moyo engages the people living with disabilities

by Stephen Jakes | 16 October 2017 | 60 Views

WATCH: Mapostori physically attacking boy for stealing a goat

by youtube | 16 October 2017 | 124 Views

WATCH: Man drinks and drives while hitting 200 miles per hour

by youtube | 16 October 2017 | 142 Views

Busisa Moyo among the best minds we have in Zimbabwe

by Enos Denhere | 16 October 2017 | 59 Views

Artisanal miners being duped, losing $16 per gram

by Agencies | 16 October 2017 | 45 Views

Mugabe's wise counsel to Zanu-PF

by Staff reporter | 16 October 2017 | 72 Views

Mugabe's death postponed from 17 October to a later date

by Staff reporter | 16 October 2017 | 108 Views

WATCH: Twerking nurses blasted

by Staff reporter | 16 October 2017 | 93 Views

WATCH: Zimbabwe's currency crisis

by youtube | 16 October 2017 | 63 Views

Emirates FA Cup wins hearts of Zimbabwe soccer fans

by Agencies | 16 October 2017 | 67 Views

School hostel destroyed by fire

by Staff reporter | 16 October 2017 | 58 Views

Jacob Zuma honoured with giant bronze statue and road

by Staff reporter | 16 October 2017 | 66 Views

Zanu-PF now an old snake eating itself

by Patriot Matigari Muchaneta | 16 October 2017 | 73 Views

WATCH: How some Shona tribes mourn well-endowed men

by youtube | 16 October 2017 | 251 Views

Mugabes lifestyle audit long overdue

by Kurauone Chihwayi | 16 October 2017 | 146 Views

Jacob Zuma honoured with giant bronze statue and road

by Staff reporter | 16 October 2017 | 59 Views

WATCH: Nurses caught twerking while on duty

by youtube | 16 October 2017 | 253 Views

Harare's finest duo-darts

by Maenda Collen | 16 October 2017 | 62 Views

WATCH: SA cash-in-transit heist video goes viral

by Staff reporter | 16 October 2017 | 248 Views

Kwese TV keen on Zimbabwe Premier Soccer league TV rights

by Staff reporter | 16 October 2017 | 103 Views

Tsholotsho Declaration of November 2004: the untold story

by Jonathan Moyo | 16 October 2017 | 132 Views

Headmaster 'sexually abuses seven pupils'

by Staff reporter | 16 October 2017 | 133 Views

Ibhetshu likaZulu organises Gukurahundi commemorations at Bhalagwe

by Staff reporter | 16 October 2017 | 58 Views

Zvorwadza in court for insulting Mugabe

by Staff reporter | 16 October 2017 | 84 Views

Bosso revival in a screeching halt

by Staff reporter | 16 October 2017 | 59 Views

Dokora will not withdraw condemned Ndebele book from schools

by Staff reporter | 16 October 2017 | 69 Views

Government introduces livestock levy

by Staff reporter | 16 October 2017 | 80 Views

12 illegal immigrants nabbed

by Staff reporter | 16 October 2017 | 90 Views

Man gets tummy ripped open by colleague during fight

by Staff reporter | 16 October 2017 | 84 Views

Mujuru's NPP faces imminent collapse

by Staff reporter | 16 October 2017 | 106 Views

Man breaks into lover's room

by Staff reporter | 16 October 2017 | 84 Views

Solar power projects stall

by Staff reporter | 16 October 2017 | 55 Views

Former Zimbabwean soldier arrested in Botswana on fraud charges

by Staff reporter | 16 October 2017 | 70 Views

Mugabe endorsed as Zanu-PF's 2018 Presidential candidate

by Staff reporter | 16 October 2017 | 59 Views