Econet Increases Subscriber Market Share To 69.9 Percent
Econet Wireless Zimbabwe increased its subscriber market to 69.9 percent in the fourth quarter of 2022.
The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) Sector Performance Report for the 4th Quarter of 2022, which was released last week, shows that Econet grew its customer base by 2.9 percent to 69.9 percent.
Econet’s subscriber base grew by 234 485 new subscribers to 9 988 105, up from 9 753 620 recorded in the third quarter of 2022.
NetOne and Telecel experienced a 2.4 percent and 0.5 percent fall in active customers, to end the quarter at 27.4 percent and 2.7 percent subscriber market share respectively.
NetOne’s subscriber base fell to 3 922 734 from 4 339 133, while Telecel lost 79 538 subscribers to close the year at 389 951. Part of the report reads:
Telecel and NetOne’s active subscriptions declined by 16.9 percent and 9.6 percent, respectively, which outweighed subscriber growth recorded by Econet and resulted in a total mobile subscriptions decline by a margin of 1.8 percent.
All three mobile operators experienced subscriber fluctuations during the course of 2022.
However, only Econet surpassed its December 2021 active subscriber base, according to the POTRAZ report.
Econet also continued to dominate the market share for internet and data traffic. Said POTRAZ:
Econet continued to dominate the market share for internet and data traffic (74.5 percent), owing to its huge active mobile subscriber base as well as its wide network coverage.
However, in the quarter under review, Econet lost market share by a margin of 2.1 percent.
Conversely, NetOne gained market share by 2.1 percent whilst Telecel maintained its position.
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