Listed mobile network operator Econet, is projected to see improved operational efficiencies and earnings performance for financial year 2024 on the back of its capital investments into modernising network infrastructure.
Econet is currently the biggest mobile network operator in the country, ahead of peers NetOne and Telecel.
Market watchers opine that the company’s commitment towards network upgrades, infrastructure development and diversity in product offering will bear fruit in the current financial year and going ahead. The company increased its investment level to 24 percent of revenue from five percent in the previous year, which is expected to result in enhanced network infrastructure, thus meeting market needs and expectations.
During the previous financial year, Econet embarked on a 5G network expansion to support the digitalisation drive in Zimbabwe, a phenomenon that has swept global economies given its potential to transform economies.