Econet Zimbabwe Explained

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 to ZWL7.07 trillion (US$785 million) in January 2024.[7]

Notes and References

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

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