Econet Wireless says Econet Broadband and Ecolife, two services launched by the company over the past month, have been runaway successes surpassing anything the company has experienced before. Within just one week, Econet Broadband has expanded to more than 100 000 connected customers and the company is bracing itself for continued rapid growth well into coming year. Ecolife, the life insurance product jointly run by Econet and First Mutual Life, is also seeing subscriber numbers double every week. The number of Zimbabweans on Ecolife has now gone past 300 000 just a month after launch.


Econet signs deal with Apple

Posted: November 1, 2010 in Uncategorized

HARARE – Econet Wireless, Zimbabwe’s largest mobile services provider, has signed a reseller agreement with American electronic consumables maker, Apple Incorporated, among other players, as the group seeks to diversify its product offering outside the voice business, analysts say.

Econet revenues up 79 percent

Posted: November 1, 2010 in Uncategorized

ECONET Wireless has posted a 79 percent jump in revenues to US$236 million boosted by increased subscriber numbers and the continued recovery of the country’s economy.

Zimbabwe entered a new digital era last week Friday when the largest mobile phone network Econet Wireless launched its mobile broadband package available to their estimated 4.5 million subscribers.

ABI Research estimates that at the end of the second quarter of 2010, more than five billion mobile subscriptions were active worldwide. Emerging markets such as India, Indonesia and China have continued to add mobile connections at a rapid clip, and show no signs of slowing down. 

Africa led the charge, registering 4% growth in subscribers between 1Q and 2Q 2010. “Africa’s low mobile penetration and usage are now attracting multinational mobile operators such as Bharti and Vodafone to the world’s last remaining growth market,” comments ABI Research vice president of forecasting, Jake Saunders. “This new competition will lead to lower monthly tariffs and will allow more people on the continent to access a mobile phone.”

Harare — Econet Wireless subscribers have expressed concern over service disruptions being experienced on the network.

In the past month, Econet subscribers have been experiencing numerous cross-line connections as well as difficulties in sending text messages.

Thursday, 21 October 2010 19:45
PARLIAMENT on Wednesday ratified the US$45 million loan from the Import Export Bank of China for NetOne’s second (2G) and third generation (3G) network rollout project set to transform the information communication technology (ICT) industry in the country through connection of the Zimbabwean optic fibre-network to the undersea cable in the Mozambican channel.

Econet Wireless has launched Zimbabwe’s first nationwide broadband service after unveiling a $100million network covering the country’s major cities.

Telecel Zimbabwe, the country’s second largest mobile phone operator by subscriber numbers, has been awarded the 2010 Frost & Sullivan Award for Market Penetration Leadership within the Southern African Development Community (Sadc).

IT IS game change for mobile telecommunications operators as they seek to introduce new products having saturated the market in terms of subscriber base.
Mobile telecommunication subscribers have increased sharply since 2008,  with last year’s figures from the Postal and Telecommunications Regulatory Authority (Potraz) showing that there are more than 1,5 million new cell phone users  within a year.
Statistics for the current year are not yet available, but it is expected that the country now has upwards of five million mobile users, up from 2,19 million at the end of 2009.
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