advertisement

The Econet Demerger In 3 Simple Diagrams

Econet Logo at their HQ

So as we have already reported in an earlier article: Econet is going ahead with its demerger. The process is quite technical and we are here to do the hand holding. Nothing says simple like a picture so below are diagrams showing exactily what is going to happen to Econet.The de-merger is a multi-step process but the diagrams.

Before we begin here are a few things to note

  • When we say Econet we are referring to Econet Wireless Zimbabwe Ltd (EWZL) which is listed on the Zimbabwe Stock Exchange
  • This entity has various subsidiaries (i.e. wholely separate companies) it owns and controls for example Ecocash and a little confusing Econet Wireless ( the guys that sold you your Econet phone line)
  • The company trading as Liquid Telecoms Zimbabwe (LTZ) is actually called Data Control and Systems (1996), it was also known Ecoweb and Ulimited Internet before that

What the Econet Wireless Limited Zimbabwe group looks like now

What Econet Looks like now
  • Above is the structure of Econet Wireless Zimbabwe Limited in All its glory
  • Unless explicitly stated EWZL has 100% of the subsidiary named

Econet After the Demerger

Econet After Demerger
  • This is what EWZL will be like after going forward with the demerger
  • Though technically not part of the demerger, EWZL is going to sell its entire stake in Data Control and Systems (1996) to Liquid Telecoms Holdings (LTH) in return for 10% stake in LTH

Wait where are Ecocash and Ecosure?

advertisement

They are now part of a new company called Cassava Smartech Zimbabwe Limited

Cassava Smartech Zimbabwe Limited
  • This new entity will be listed separately on the Zimbabwe Stock Exchange
  • EWZL shareholders will receive commensurate shareholding in the new separate entity that is equivalent to their current shareholding


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, click here to enter your query.

6 thoughts on “The Econet Demerger In 3 Simple Diagrams

    1. It’s still around, they are actually using it to track Vaya drivers and also for those who are signing up on Moovah there should be a package that includes car tracking

Comments are closed.