Econet adjusts charges by 20pc
ZIMBABWE’S largest mobile network operator, Econet Wireless, has increased its voice, data and SMS bundle prices by an average 20 percent.
The mobile operator incurred exchange losses of $10,3 billion in the half-year to August 2020 as a result of exposure in foreign currency denominated obligations.
“The business continuously reviews its pricing in line with changes in the operating environment to ensure it remains viable, while retaining good quality service and offering affordable products,” Econet said.
The listed telecommunications company earlier said it was transforming itself into a digital service provider, and remained “committed to innovative approaches to deliver these (digital) services and ensure our customers get the best quality voice, data and SMS-based products”.
Econet last adjusted its voice and data tariffs in September, but since that time, the price of many goods and services that constitute critical costs to the business, have skyrocketed, putting pressure on the company’s bottom line.