STATE-owned telecommunications company NetOne invested US$17,4 million in capital expenditure during the 2023 financial year, focusing on upgrading its infrastructure and enhancing capacity.
At an annual general meeting, NetOne’s chief financial officer, Nyasha Nyambuya, detailed the company’s investments.
“In 2023, the group allocated funds to critical network upgrades, including US$660 000 for HLR upgrades, US$4,8 million for the Core Network, US$2,24 million for Radio Access, US$516 000 for Channel Element boards, and US$714 000 for an ERP system.”