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. It has a LTE market share of 54.9% and an overall market share of 71% as of first quarter.
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. It has a market share of over 70%.
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.
Corporate Governance
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References
- "About Us". Econet Wireless. Retrieved 2023-12-07.
- "Mobile telecom firms expand LTE network – The Herald". www.herald.co.zw. Retrieved 2023-12-07.
- Staff Reporter. "Econet increases subscriber market share as voice usage drops across the industry". The Zimbabwe Independent. Retrieved 2023-12-07.
- ^ "Econet celebrates 20 years of ZSE listing – The Herald". www.herald.co.zw. Retrieved 2024-01-21.
- "Econet hit $3.2 billion market capitalization". Chronicles. 2023-08-14. Retrieved 2024-01-20.
- "Econet expands subscriber market share to 70%". Econet Wireless. Retrieved 2024-01-21.
- "ECO | Econet Wireless Zimbabwe Ltd. Stock Overview (Zimbabwe Stock Exchange)". Barron's. Retrieved 2024-01-21.