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Harare
Sunday, November 28, 2021
Mobile subscriptions declined to 12.9mInternet penetration rate declined by 2.4%The decline is attributable to the depressed demand in the economy Harare – As the country continues to reel from hyperinflation with the world’s second highest annual inflation rate after Venezuela, the total number...
Profit increased by 12% compared to the prior yearRevenue grew by 13% in 2019Concluded to dispose 49% equity holdings in Ghana Interco and Uganda Interco to AT Sher Netherlands Cooperatief U.A. Mobile Telephone Networks (MTN), one of South Africa’s telecoms giant reported a revamped performance for the...
Zimbabwe’s smart phone penetration is at low 52%Increased access to data services is necessary to support online education, health and business digitalisation initiativesEconet service approximately 60% of all the mobile customers in Zimbabwe Harare – Zimbabwe’s leading Telecommunications Group, Econet Wireless Zimbabwe Limited...
Revenue increased by 15.98%Customer base grew by 7% Harare – Airtel Networks Zambia saw an increased revenue for the six months period to 30 June 2020 compared to the same period last year. In a half year results publication,...
In Zim Econet bemoaned low smartphone penetrationIn sub-Saharan Africa over 400M people still don't have access to mobile internetMobile has played a key role in breaking down ecosystem and interoperability challenges HARARE - Stanbic Bank Zimbabwe’s parent company, Standard Bank Group, says for increased...
Voice traffic down by 5.4%Data traffic decreased by 15.6%SMS traffic dropped by 6.2% Harare - Econet, Zimbabwe’s largest telecommunication company posted a decline in voice, data and SMS traffic in the first quarter ended 31 March 2020. In a...
Voice services is still the biggest contributor to the bottom lineOperating costs exclusive of foreign currency losses grew by 42%Active mobile telephone subscriptions declined by 6.7% Harare – Revenue generated by Zimbabwe’s mobile network operators increased by 45.8% to record ZWL3 billion during...
Data consumption up 63%Digital touchpoints were made available for customer useCompany to enhance digital channels as they are now its preferred way of doing business Harare- Econet Wireless recorded a massive increase in data consumption in the period ended 31 August 2020 as...
The 2017 debenture helped avert potential default on foreign obligationHolding debenture to maturity results in sustained lossesRBZ staggering of payments to aid company cashflow management Econet Wireless is seeking an early redemption on debentures held by its members, in a move that is...
Robust contingency planning across the business implementedPersonnel can work and collaborate from remote sitesThe company is executing plans to ensure network and system continuity Harare- Telecoms service provider, Liquid Telecom has taken steps to ensure the safety of its workers and customers as the Coronavirus (Covid-19) has spread...