Former NetOne Managing Director, Reward Kangai has urged government to rationalize state owned entities like NetOne, TelOne, Powertel and Telecel as a strategic way of improving their competitiveness in the information communication technology sector.
NetOne and Telecel have both failed to keep up with Strive Masiyiwa’s Econet Wireless as a result of their poor innovation drives and lack of investment towards building next generation infrastructure like 4G/LTE base stations and fibre optic powered links.
Speaking to 263Chat last week, Kangai said “Government needs to rationalize these state owned telecom companies to bring about that convergence needed to achieve robustness in their operations, After that, government can then look for strategic partners to achieve critical mass which brings massive advantages such technology transfer”
“After rationalizing these parastatals, government can then partner global telecom giants such as MTN or Vodafone through issuing shares which will later yield a bigger stake when these telecom companies start trading at huge profit volumes.”
