Current NewsNewsScienceTech

#MondayBlues: Is Telecel Also Lying About Their Growth?

0

Telecel Zimbabwe reportedly increased  their  active mobile subscribers!

Really! Is this  true that  we have  1670 new  subscribers  that  have  joined  Telecel  Zimbabwe, making  it 727,094 active  subscribers. What  has  motivated  these  very  few  people to activate and  use to  record  (even very insignificant)  such a  growth.

By Toneo

The only thing positive about telecel is them increasing with a 0,2% growth in active mobile telephone subscriptions in the quarter under review, reaching 727 094  from  725 42 recorded in the 3rd quarter  of 2020.The information needs to be verified that all the mobile operators recorded an increase in active subscriptions.

Last  week, yours truly was not amused by information presented by mobile network operator Netone to Potraz.This report must  be fool proof and fact  checked as it gives  the  sector  its  direction and  trajectory.

#MondayBlues: Is Telecel Also Lying About Their Growth?

Dark Fibre Africa New IAP Sees Opportunity In Zimbabwe.

A newly licenced Internet  Access  Provider, (IAP)  Dark Fibre  Africa, (DFA)  has  said that they still see  vast  opportunities in Africa and Zimbabwe as  well.

While  many  may have argued that  the Zimbabwean market is already saturated  and no longer profitable as most  urban consumers have already been connected, DFA  feels otherwise.

Remgro-owned Dark Fibre Africa (DFA) says it still sees opportunity in its niche, driven by higher demand for internet services during the Covid-19 pandemic.

The DFA is a wholesale, open-access fibre infrastructure and connectivity provider in SA. It forms part of Remgro’s telecommunications investments, through Community Investment Ventures Holdings (CIVH), which owns businesses including fibre-to-the-home company Vumatel

Telecel Zimbabwe Records $8 million loss.

Telecel Zimbabwe, the third largest mobile network in Zimbabwe has not found it as a walk in the park lately since January 2021 financial Perfomance.

The company  that  has been  suffering brain drain, lack of investment  and struggling to strategies way  out  of the doldrums has been singing the blues with their financials heading  south.

The  recent  financials gleaned  by  TechnoMag  reflect a major drop, with  ballooning costs and expenditures galloping  their dwindling revenues.

Telecel   Zimbabwe recorded a loss of $8 195 from  a gross profit  of $44  446 million which  was destroyed  by  total operational costs of $52  641 million.

The once  mobile giant has been licking their wounds like a wounded lion that has had its domain taken over by a more powerful king in this case the likes of Econet who have been dominating year in year out despite their exorbitant charges and worse even the troubled Netone entangled in mishaps over CEO Lazarus Muchenje have even fared better than Telecel Zimbabwe.

Telecel seemingly has suffered a shortage of common sense to turn it around with no pragmatic solutions and what used to be the fastest growing and most promising mobile network in Zimbabwe is now a shadow of its formerself.

Since Vimplecom pulled out of Telecel Zimbabwe, the company has been on a free fall and no one really seems to care!

Telecel ZWL ‘ TOTAL REVENUE WAS 67 857 00 FROM A BUDGET OF 85 848 000 WHOSE VARIANCE WAS 17 991 00 A MINUS 27 % PATHETIC RIDE TO BRING HOME.

Actual gross margin was 65 % whose budget was 66 % with a 0% variance whilst actual total operational cost was 52 641 budgeted at 73 336 and a variance of 20 695.

Telecel Zimbabwe will soon become another National Railways of Zimbabwe, another Zisco steel, another CSC, mainly because there is strong appetite to destroy functional State owned enterprises and those in charge do not just care.

@admin_techno

TelOne Introduces Unlimited Nightime Data

Previous article

Forces of Nature gather in a new fashion exhibition at FIT

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Current News