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Econet Wireless Nets 7 Million Subscribers

  • Staff Reporter

Zimbabwe’s largest cellular provider, Econet Wireless, says its customer base in the country has surged to over 7 million connected users, up from 6.4 million in February.

In a statement released Tuesday, Econet, which will release its six-month financial results next month, attributed the surge to its popular Buddie lines.

Demand for Econet lines is extremely high, the statement said, adding an informal market of its lines had emerged when the company temporarily suspended the issuance of new cellular lines with people paying over $20 for a Buddie line that normally costs $1.

The operator assured customers that the shortage of lines is a thing of the past, noting that it has the capacity to carry over 8.5 million subscribers.

Econet Wireless Zimbabwe chief executive, Douglas Mboweni, said he is satisfied that over 90 percent of local businesses are its customers.

Early this month, Forbes Magazine named Econet as one of Africa’s top 10 innovative companies.

The telecommunications giant was the only Zimbabwean company on the list which was dominated by South African companies based in the United States.