This week, Econet Wireless reached another milestone in its mission to consolidate its top position as the biggest (and most profitable) telecommunications company in Zimbabwe. The mobile operator has reached 4.6 million subscribers and aims to surpass the 5 million mark by Christmas.
On Friday last week, Econet also published its interim results for its half year to 31 August 2010. The results basically reveal a profit of US$62.786 million attributable to shareholders. Another interesting piece of information is that Econet has poured a huge investment of about US $122 million into telecoms infrastructure development in the period under review.
In the past two years, Econet has by far been the fastest growing mobile operator of the three registered operators in Zimbabwe. In second position is Telecel with just over a million subscribers. NetOne, the state owned mobile operator has the smallest number of subscriber with just over 500 000.