Media reports suggest that Africom might be in the same predicament.
Dandemutande (umax, utande) has been posting huge looses for the past two years, which have been justified as an investment in their wimax network roll out.
<quote> In the interim period to June 30 2012 the Telerix incurred a loss of US$2,8 million against US$1,5 million last year. </quote> source: http://www.herald.co.zw/index....
umax is very expensive and they invested in a tier 3 data center (running expensive vmware and cisco gear) which I personally believe will not a profit any time soon. Cloud computing will take a couple more years to catch up in Zimbabwe. Apart from the slow uptake of cloud computing in Zim, it seems like no one at Utande really knows what they offer in terms of hosting. I gave up asking for hosting and VPS pricess after 5 months, I asked Mike Weeden, Colling Franco, Sue Bolt and many sales consultants for a simple price list for 5 months and got none.
If utande does not return to business basics and when Shingie's monies run out, they might find themselves in the same situation as Valley Technologies.