Econet set to adjust promotional bundle prices

Econet Wireless Zimbabwe will this week review the price of its promotional voice, data and SMS bundles, according to a notice issued to customers by the mobile operator.

The adjustment, which sources in the company said will be around 20 percent, will come into effect on Thursday, July 8, 2021, and is largely seen as a response to escalating operational costs.

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s recent sector report said mobile network operators’ running costs grew by 34.1 percent in the first quarter of 2021 to $7.6 billion, up from $5.7 billion in the previous quarter.

“Staff costs, depreciation and bandwidth costs continued to constitute the bulk of mobile network operating costs,” the regulator said in the report released last month.6

Potraz noted that the continued rise in prices of goods and services in the country, in line with movement of the foreign exchange market, was not helping matters in the telecommunications sector.

“Foreign currency shortages continued to bedevil the economy at large, with implications on network expansion, upgrade and maintenance taking a toll on quality of service as demand for data surged for operators,” the report read in part.

By Skywalker

Shadreck Skywalker Zhuanginyu is President of The Intella Group. He is also the Founder of IntellaZONE Platform He is the Author of THE GREATEST MARKETPLACE and THE INTERNET IN THE PALM After completing his Advanced level in 2013, he became interested in Computer Programming. To pay for the fees he was hired by Justnice Printing Solutions. In 2016 he worked as a developer for Respect Blackness Movement. In 2017 he worked as a developer at Globtorch Learning Institute. On 01 January 2020 he launched IntellaZONE Ecommerce Company which has been recorded as the fastest growing company with interests in Online Shopping, Forex Trading, Jewelry, Cosmetics, just to mention a few.

July 8, 2021 12:20 am