By 
By Ross Moyo
Liquid Intelligent Technologies remains Zimbabwe’s dominant fixed internet player, holding 48.41% of fixed internet/data traffic share in Q4 2025, POTRAZ reported.
The operator carried 232.32 Petabytes of data, though this marked a 10.54% decline from 259.70 PB in Q3.
Despite the dip, Liquid’s market share is 13.36 percentage points ahead of Starlink Zimbabwe, which closed at 35.05% with 168.21 PB.
Liquid’s strength is anchored in infrastructure, with 4,631.4 km of national fibre backbone — 32.3% of Zimbabwe’s 14,357 km total.
That makes Liquid the largest fibre owner in the country, ahead of TelOne at 28.2% and Powertel at 26.9%.
In fixed VoIP, Liquid also leads with 53.52% market share, serving 21,038 subscribers, up 4.95% quarter-on-quarter.
The company’s equipped international internet bandwidth capacity stands at 1,150,000 Mbps, representing 68.10% of the national total.
Liquid’s capacity has remained unchanged since Q3, while African Fibre Networks surged 76.92% to 230,000 Mbps.
Used incoming international bandwidth capacity grew 10.88% nationally to 604,440 Mbps, with Liquid as the primary consumer.
Fixed internet/data traffic across all IAPs rose 8.86% to 479.94 PB in the quarter, driven by Starlink and TelOne growth.
Active fixed internet subscriptions reached 389,146, up 8.25%, with fibre and Fixed LTE as the fastest-growing technologies.
Fibre subscriptions increased 7.42% to 86,225, while Fixed LTE rose 6.99% to 143,323.
VSAT subscriptions surged 31.62% to 67,057, largely driven by Starlink’s aggressive rollout.
IAP revenue grew 0.83% to ZWG 2.53 billion, while operating costs fell 7.06% to ZWG 1.78 billion, improving efficiency.
Capital expenditure by IAPs edged up 0.74% to ZWG 217.48 million to support fibre and wireless backhaul.
POTRAZ said Liquid’s dominance reflects early investment in fibre and enterprise connectivity solutions.
The 2026 outlook expects Liquid to defend market share as satellite providers like Starlink intensify competition in both urban and rural areas.
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