Zimbabwe Realizes $331.2Million In Mobile Telephone Revenues

Zimbabwe has recorded a massive $331.2million in mobile telephone revenues as a result of a 5% increase in mobile subscriptions which have reached 12.7million in the third quarter of 2018 as reported by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ).

The leap in mobile telephony revenues can be further accredited to a 5% increase in mobile voice traffic from 1.2 billion minutes recorded in the second quarter of 2018 to 1.27 billion minutes recorded in the third quarter sector performance report.

“All traffic categories with the exception of outgoing traffic to the fixed network recorded growth. Outbound roaming traffic recorded the highest growth of 47.7% which co attributable to increased cross-border activity by locals. Inbound roaming traffic also grew grew by a considerable 25.7% as a result of an increase in foreign nationals roaming on local networks during the period under review.” reads the Potraz report.

In the quarter under review, Econet gained market share by 5.4% to lead the industry at 76.6% as they processed the most amount of traffic on their network. On the other hand, NetOne and Telecel lost 5.3% and 0.1% to record market share values of 18.2% and 5.2% respectively.