Econet opens ZSE talks ahead of proposed delisting

ECONET Wireless Zimbabwe (Econet) has started engagements with the Zimbabwe Stock Exchange (ZSE) with a view to publish a circular to shareholders over its proposed delisting from the bourse, citing its lower valuation compared to African peers.

 

Last month, Econet announced its plans to voluntarily delist from the ZSE to correct what it called a “grossly undervalued” share price, improve access to capital and strengthen long-term competitiveness.

 

For example, Econet had a market capitalisation of US$739,28 million as of December 15, 2025, yet had total assets worth US$957,32 million as of August, showing its undervaluation even after reacquiring its mobile money platform, EcoCash.

 

The company plans to delist and list its infrastructure assets, including real estate, telecommunications towers and renewable energy assets, under a new subsidiary called Econet Infrastructure Company Limited (Econet InfraCo) on the Victoria Falls Stock Exchange.

 

“Further to the cautionary announcements dated December 3, 2025 and December 15, 2025, shareholders are advised that Econet Wireless Zimbabwe Limited (Econet or the company) has commenced engagements with the Zimbabwe Stock Exchange with a view to publishing a circular to shareholders in relation to the proposed voluntary delisting of the company and the proposed listing of Econet Infrastructure Company, a vehicle holding Econet’s real estate, telecommunications tower and renewable energy assets on the Victoria Falls Stock Exchange,” Econet said in a statement.

 

“Upon conclusion of the regulatory engagements, the Company will publish a circular to shareholders setting out the full details of the proposed delisting of Econet and the simultaneous listing of Econet InfraCo.

 

“Accordingly, shareholders are advised to continue exercising caution when dealing in the company’s securities until a circular is published.”

 

According to the Postal and Telecommunications Regulatory Authority of Zimbabwe’s third-quarter 2025 report, Econet is the largest mobile operator with a subscriber base of 12 064 749 people, which includes those who possess more than one cellphone line.

 

The regulator had reported that Econet continued to demonstrate solid momentum on mobile subscriptions during the quarter, with a 0,19-percentage point increase in its market share.

 

Further, the regulator noted that the base station infrastructure market continues to exhibit a highly consolidated structure led by Econet.

 

In its half-year report for the period ended August 31, 2025, Econet revealed that its directors and management are continuously monitoring and evaluating the operating environment.

 

This is being done for Econet to re-assess and appropriately adapt its strategies to ensure the continued operation of the group into the foreseeable future.

 

“The group remains committed to driving growth, with strong focus on innovation and customer experience. Deployment of artificial intelligence to enhance efficiency, security, and customer experience are key imperatives,” Econet chairman James Myers said in Econet’s half-year report.

 

“Our strategic imperatives will continue to optimise capital investment and innovation to drive sustainable growth and value for our stakeholders.

 

“As we operate within highly regulated industries, we continue to work closely with industry bodies as well as relevant authorities to ensure a continued favourable operating environment.” _*NewZimbabwe*_