Zambia hints at fifth telco operator

A fifth telco
for Zambia?

Enough room says
industry regulator.

Sunday, Feb 23rd

Econet's subscriber numbers surge


Zimbabwe’s biggest mobile network operator, Econet Wireless, plans to raise its subscriber numbers to seven million by the end February next year.

The mobile operator recently released its results for the trading period ended February 2012, underpinned by a 16% increase in subscriber numbers, which currently stand at 6.4 million.

A research report conducted by local brokerage firm IH Securities shows that Econet subscriber numbers could grow by a further 9%.

Analysts from the firm expect Econet to record a further 14% growth in Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) to $331million at an EBITDA margin of 47%.

Jeffrey Kasirori, an economic analyst said, “further growth by Econet will be strengthened by more value adding products such as the mobile money transfer facility under EcoCash as well as data services.”

Dealers on the Zimbabwe Stock Exchange agreed with the researchers at IH Securities that Econet’s net income and earnings per share for the period to the end of February 2012 are likely to be $187 million. Earnings per share for the year ending February 2012 were $1.

“Effectively, our expectation is that the growth in top and bottom lines will continue but at a slower rate, in line with the current trend,” adds the report by IH Securities.

Econet management has also revealed plans to continue developing the company’s other revenue streams, such as health and solar services among others.


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