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Listed telecommunications giant, Econet Wireless Zimbabwe, has extended its mobile data market leadership and consolidated its position as a leading digital service provider, latest industry statistics show. According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s 2020 fourth quarter sector performance report released on Tuesday, Econet’s mobile Internet and data traffic market share...

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TELECOMMUNICATIONS giant, Econet Wireless Zimbabwe, says its massive investment in network connectivity is adding value to the economy as more businesses and individual communities embrace online operations. The wide Econet data network has come in handy in keeping businesses and communities going despite the Covid-19 lockdown restrictions, which have frustrated traditional manual operations, said the...

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ECONET Wireless is seen narrowing losses this financial year before returning to profitability next year as stability in the exchange rate is expected to reduce foreign currency exchange looses, a research firm has said. During this financial year, which ends in February, profitability is likely to remain under pressure as the group has already accrued...

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Zimbabwe’s largest mobile network operator, Econet Wireless, has revised its voice, data and SMS bundle prices upwards by an average 20 percent, in an effort to recover value reportedly eroded due to currency devaluation and other rising costs of key network inputs. The mobile operator incurred exchange losses of $10,3 billion in the half-year to...

Google’s parent company, Alphabet, in collaboration with the Econet Group, is preparing to launch a new high-speed broadband technology service based on laser beam technology rather than fibre optic infrastructure. Roll out is scheduled for 2021 in Zimbabwe, with plans to extend the service to other Sub-Saharan countries. In a statement, Econet said the new...