NetOne closes in on Strive Masiyiwa's Econet

NetOne closes in on Strive Masiyiwa's Econet
Published: 11 March 2017 (544 Views)

State-owned telecoms operator NetOne saw its active subscriber base growing by 14% last year to 4 712 410 when rivals registered a drop in numbers, latest figures from the Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) have shown.

An active mobile line is one which has been used to make or receive a call and/or send or receive a message at least once in the past 90 days.

Data from Potraz showed that in 2016, NetOne added 577 690 new active subscribers, while Econet and Telecel's numbers declined by 341 787 and 114 387 respectively.

The growth in active subscribers saw NetOne's market share increasing to 36,6% in the fourth quarter ended December 31 up from 36,4% in the previous quarter.

Econet's market share was flat at 49,4%, while Telecel's share dropped to 14% in the quarter from 14,2% in the previous quarter.

"Econet dominates the market with close to 50% market share. Over the course of 2016 Econet and Telecel's market share fluctuated whereas NetOne's market share was steadily increasing," Potraz said in a fourth quarter report, which was posted on the regulator's website yesterday.

It was later pulled down on the same day.

Mobile data utilisation increased by 19% to 2 567 401 044 MB from 2 157 903 415MB.

Econet, Telecel and NetOne registered growth in mobile Internet and data usage of 5,2%, 19,5% and 110,5% respectively.

"NetOne experienced the biggest growth in data utilisation and this can be attributed to their internet package," Potraz said.

NetOne's Internet package, OneFusion, has been a game-changer for the operator with a minimum package of $5 which caters for the monthly needs of a subscriber.

NetOne's acting chief executive officer, Brian Mutandiro said the operator was on a continuous transformational exercise that has seen us revamping our processes.

"We have complimented our network expansion with customer centricity and introduced packages that are affordable and efficient," he said.

"Every Zimbabwean should have access to internet hence we are offering plans that suit every budget.

"Subscribers are migrating to our network and we assure them they will continue to enjoy our quality service and affordable rates."

Mobile revenue was up 2,4% to $199,2 million. The growth in revenue was spurred on by Econet, which saw its revenue growing by 4,2% in the fourth quarter of 2016 to $152 383 272.

Telecel and NetOne's revenues declined by 2,4% and 3,4% respectively. Econet was also the only operator that registered a decline in operating costs by 1,6%.

Telecel and NetOne's operating costs grew by 3,1% and 2,8% respectively.

- newsday

Tags: NetOne, Econet, Mobile,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

First Lady should lead by example - Linda Masarira

by Stephen Jakes | 18 August 2017 | 273 Views

Njelele must be protected- Zanu PF youth member

by Stephen Jakes | 18 August 2017 | 121 Views

Harare mayor, MDC-T leadership clash

by Staff Reporter | 18 August 2017 | 149 Views

Cancer cases on the rise in Zimbabwe

by Staff Reporter | 18 August 2017 | 87 Views

Bosso, DeMbare pull out of tournament

by Staff Reporter | 18 August 2017 | 96 Views

Econet launches new credit scheme for civil servants

by Staff Reporter | 18 August 2017 | 71 Views

85% of Zimbabweans consult prophets, traditional healers

by Staff Reporter | 18 August 2017 | 67 Views

Grace Mugabe's sons were not using drugs - AfriForum

by Staff Reporter | 18 August 2017 | 192 Views

Teacher kidnapped, tied to tree, raped for 5 hrs

by Staff Reporter | 18 August 2017 | 98 Views

Pastor sprays anointed perfume into congregants' mouths

by Staff Reporter | 18 August 2017 | 100 Views

Man (26) thoroughly beats up his mother for not paying his rent

by Staff Reporter | 18 August 2017 | 99 Views

What I Learnt From My Most Outstanding Learner

by Mthokozisi Gwizi | 18 August 2017 | 65 Views

I will not vote for a Zezuru president in 2018 - Mliswa

by New Zimbabwe | 18 August 2017 | 88 Views

No immunity for #GraceMugabe, says Dirco

by Staff Reporter | 18 August 2017 | 119 Views

Zimbabwe invokes Grace Mugabe diplomatic immunity

by Staff reporter | 16 August 2017 | 505 Views

'Zimbabwe most hackable country'

by Staff reporter | 16 August 2017 | 260 Views

Grace Mugabe's victim won't drop charges

by Staff reporter | 16 August 2017 | 476 Views

'I'm not political,' says Mudhara achauya hit maker

by Staff reporter | 16 August 2017 | 338 Views

Woman surrenders goblins

by Staff reporter | 16 August 2017 | 409 Views

Kombi driver barred from driving

by Staff reporter | 16 August 2017 | 193 Views

Bus conductor bashes cop

by Staff reporter | 16 August 2017 | 187 Views

BREAKING: SA police confirms Grace Mugabe still in SA

by Staff reporter | 16 August 2017 | 245 Views

Mugabe calls for peace

by Staff reporter | 16 August 2017 | 176 Views

Grace Mugabe still in South Africa

by Staff reporter | 16 August 2017 | 150 Views

Grace Mugabe's alleged criminal conduct dents Zimbabwe's image

by Staff reporter | 16 August 2017 | 143 Views

SA police know where Grace Mugabe is

by Staff reporter | 16 August 2017 | 213 Views

Grace Mugabe latest - LIVE Updates

by Staff reporter | 16 August 2017 | 302 Views

Biti in Solidarity with Hakainde Hichilema in Lusaka

by PDP | 16 August 2017 | 154 Views

Grace Mugabe is similar to a fruitless figtree

by Sikhumbuzo Moyo | 16 August 2017 | 243 Views

Man strikes girlfriend with brick over sex

by Simbarashe Sithole | 16 August 2017 | 246 Views

Gold panning destroying river: RDC

by Staff Reporter | 16 August 2017 | 127 Views

Grace Mugabe should be in SA, says SA police commissioner

by Staff reporter | 16 August 2017 | 128 Views

Zimbabwe govt officials remain mum on Grace Mugabe's whereabouts

by Staff reporter | 16 August 2017 | 120 Views