Zimbabwe mobile operators record $37.1m drop in revenue
By Staff reporter | 12 Jul 2019 at 18:55hrs
Zimbabwe mobile operators have recorded a decline of ZWL$37.1 million in revenue, with Econet recording the biggest decline of 15%, the Abridged Sector Report for the first quarter of 201 has revealed.
According to Potraz, the decline in mobile revenue is attributable to the decline in voice traffic and revenue thereof, which still accounts for 59.3% of total mobile operator revenues.
From the previous quarter last year, there was an overall decline in the mobile voice traffic from 1 466 738 999 in the last quarter of 2018 to 1 404 872 174 this year, thus recording a decrease of 4.2%.
Econet recorded voice traffic market share decline of 1.3% whereas NetOne and Telecel gained 1.1% and 0.3% respectively.
The decline in voice traffic has been attributed to the rebasing of tariffs in line with the official USD: RTGS exchange rate.
Mobile data and internet traffic increased from 8 559 432 098MB to 10 201 778 409MB largely to the fact that promotions were still available in the period under review. Econet gained 3.9% of the market share whilst Telecel and NetOne recorded a loss of 0.4% and 3.5% respectively.