Low tariff costs dent Econet’s half-year performance

While the tech firm has upgraded sites, and network capacity, the investments are limited and impacted by liquidity crunch said Chairman James Myers.

Econet Wireless bemoans new tax obligation, despite a surge in data and revenue income according to its latest results.

Data income growth outstrips voice as company leverages broadband demand.

Company expands digital customer management platforms amid COVID restrictions, limited access to Forex and power supply challenges.

Company lobbies authorities and cites opportunity to encourage more widespread adoption, increase smartphone penetration rate.

Company continues to pursue data revenue growth initiatives and partnerships with vendors.

Telcos say there is an increasing demand for smartphones and data services, despite hefty mobile data costs.

Telco outlines strategy to offset a drop in 2017 revenues and profits.

Telco scales down capital expenditure intensity to 5.1% as profits, revenue takes a knock.

Telco has introduced cost-cutting measures introduced amid trying economic conditions.

The telcos' revenues increased marginally by 4.2% to $392.3 million.