Econet Zimbabwe

Econet Zimbabwe officially known as Econet Wireless Zimbabwe (EWZ) Limited or commonly referred to as just Econet is a Zimbabwean telecom operator that is headquartered at No. 2 Msasa, Harare. It was started in July 1998 and listed on ZSE in September 1998, despite being in operation for just three months.[1] It has a LTE market share of 54.9%[2] and an overall market share of 71% as of first quarter.[3]

Overview

Econet Wireless Zimbabwe maintained its position as one of ZSE’s big three with a peak evaluation of US$3.2 billion in August 2018.[4][5] It has a market share of over 70%.[6]

Market Performance

Market capitalization of Econet Wireless Zimbabwe slowed down from a peak of US$3.2 billion in August 2018[4] to ZWL7.07 trillion (US$785 million) in January 2024.[7]

Corporate Governance

References

  1. ^ "About Us". Econet Wireless. Retrieved 2023-12-07.
  2. ^ "Mobile telecom firms expand LTE network – The Herald". www.herald.co.zw. Retrieved 2023-12-07.
  3. ^ Staff Reporter. "Econet increases subscriber market share as voice usage drops across the industry". The Zimbabwe Independent. Retrieved 2023-12-07.
  4. ^ a b "Econet celebrates 20 years of ZSE listing – The Herald". www.herald.co.zw. Retrieved 2024-01-21.
  5. ^ "Econet hit $3.2 billion market capitalization". Chronicles. 2023-08-14. Retrieved 2024-01-20.
  6. ^ "Econet expands subscriber market share to 70%". Econet Wireless. Retrieved 2024-01-21.
  7. ^ "ECO | Econet Wireless Zimbabwe Ltd. Stock Overview (Zimbabwe Stock Exchange)". Barron's. Retrieved 2024-01-21.