Zimbabwe’s mobile network operators posted a 20, 4 percent leap in revenue in the third quarter of 2016.
The operators cumulatively generated a total of $194,5 million compared to $161,5 in the previous quarter with Econet Wireless reportedly generating $146 million in revenues.
By Kudakwashe Pembere
According to information in the Abridged Sector Performance Report Third Quarter from the Postal and Telecommunications Regulatory Authority of Zimbabwe, this rise in revenue was on the back of increased data usage and the stoppage of promotions.
“The increase in total mobile operator revenues despite the decline in voice traffic can be attributed to the growth of data usage as well as discontinuation of a number of promotions,” said the regulator.
“NetOne was the only mobile operator to register a decline in revenues (by) 0, 5 percent.
Econet’s revenue increased by 28 percent as well as its market share while the other operators (NetOne and Telecel Zimbabwe)faced a reduction in theirs.
“As a result of the 28 increase in Econet’s increase in Econet’s revenues, Econet’s market share increased to 75,2 percent whereas NetOne and Telecel’s market shares declined,” said Potraz.
Potraz said that the operators had a marginal increase of operating costs during the third quarter.
“On the other hand total operating costs increased by 2.1% to record $129.1 million from $126.5 recorded in the previous quarter,” said the regulator.