HomeTelecommunicationsEconet in bid to recover $12m from NetOne

Econet in bid to recover $12m from NetOne


THE country’s largest mobile phone operator Econet Wireless has approached the courts once again in a bid to recover $12 million owed by State-owned mobile company Netone in interconnection fees.

Staff Reporter

In papers filed at the High Court in May, Econet wireless wants Netone to pay its outstanding debt in interconnection fees.

“On or about 13 August 2004, plaintiff (Econet) and defendant (Netone) entered into an interconnection agreement in terms of which plaintiff provided defendant telecommunications services including voice traffic and leased circuits and these services would be provided for a fee,” reads Econet’s declaration.

Econet said: “In the period commencing June 2010 to August 2012, plaintiff was entitled to payment of $12 171 048, 64 being interconnection fees due and owing to plaintiff by defendant, which amount, despite demand, defendant has refused, neglected and or otherwise failed to pay.

“Wherefore the plaintiff is entitled to an order directing defendant to pay the sum of $12 171 048,64.”

The company was also demanding interest at the prescribed rate from the date of service of summons to the date of full and final payment.
The two companies, Econet and Netone, operate under an agreement that allows traffic to flow between their networks.

Econet has over the past years turned to the courts in a bid to recover its millions owned by other mobile companies.

Individuals, companies and embassies have not been spared.

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