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Econet Subscriber base increases

Telecommunications company, Econet Wireless says its subscriber base grew by 0,24 percent to 12,59 million while data traffic jumped 10, 8 percent for the half year ended August 31, 2020.

Econet revealed the increase in its recent group’s financial results, Group chairman, Dr James Myer said the telco through various promotions and services they have managed to maintain a customer base on their network.

“Through targeted segment specific offers and bundles, the business has been able to sustain customer volumes on its various platforms.”

“In this way, the business has been able to maintain its share of traffic in an environment where customer disposable incomes have been declining.”

“During the period, Econet Wireless saw its subscriber base grow 0,24 percent to 12,59 million while data traffic jumped 10,8 percent and its share of the voice market grew by 2,6 percent, “ said Econet.

Myer added that during the period under review data services contribution to the Telcos total revenue increased by three percentage points, from 25 percent to 28 percent.

However, Econet recored a a 6,5 percent decline in revenue to $10,1 billion, compared to the same period last year as consumers battled declining disposable incomes.

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