Econet Subscribers Hit 5 Million

In a market update, CEO Douglas Mboweni said the total number of subscribers stood at 5,012 million as at November 30. He said demand for new lines remained strong, but the company was currently managing to sell all the lines being released onto the market.

“Econet continues to account for the majority of all lines sold in the market,”  Mboweni said.

“The increase in the subscriber base has been made possible by the ongoing network expansion.”

Mboweni said Econet now has over 400 000 customers who have connected to the three products being offered under Econet Broadband, the national broadband service which was launched in October. The total number of customers now connected stands at 432 312.

“Work on the fibre optic network has been completed, and the network has a direct connection to the SEACOM cable in Durban, South Africa,” he said.

Through its parent company, Econet Wireless Group, Econet Wireless Zimbabwe also has dedicated capacity on SEACOM cable, ensuring its customers do not have to go through the networks of third parties.