Econet reviews data tariffs

Econet reviews data tariffs
Published: 16 July 2019 (137 Views)
Econet Wireless Zimbabwe has reviewed its data bundle and SMS pricing by between 30 and 50 percent, a move seen by analysts as a way to align tariffs with the prevailing economic environment.

The new data tariffs, which came into effect at midnight last night, come as the value of the local currency has significantly weakened, by more than 600 percent since the last tariff increase in April this year.

At the time of the last increase, Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) director general Dr Gift Machengete said the increase in mobile data bundles "was as a result of the expiry of a promotion that was being run by mobile operators."

"Mobile operators have been running promotions that saw a decrease in the data bundles and they have since removed it, leaving their clients believing that they have increased the data bundles," he said then.

Appearing before the ICT Parliamentary Portfolio Committee Dr Machengete said that there was an "overall growth in annual operating costs by the fixed and mobile networks".

He said the apportionment of costs per product is based on use of network elements and traffic using the Long Run Incremental Cost (LRIC) model, and Potraz cannot penalise a service provider because of making its profit.

"Operators have strived to invest in their networks, despite challenges of accessing foreign currency as well as (the scarcity of) cheap international financing," he said.

"There was an overall decline in annual sector investments in 2018," said Dr Machengete at the time.

Declining investment in the sector seems to have continued in the first quarter of this year, with mobile operators recording an overall 22,1 percent decline in capital expenditure in the quarter to $22 978 234 from $29 501 279.

Given this background, as well as the weakening local currency, analysts say a tariff hike was inevitable.

With the new tariff, a WhatsApp plus Pinterest bundle will now cost $12 per month, up from $8 previously.  

A 3.1GB data bundle will now cost $150 from $100 before the latest adjustment, according to a schedule seen by our Harare Bureau.

- chronicle

Tags: Econet, Prices, Data,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Europe sends a strong message to Mnangagwa

by Mandla Ndlovu | 20 August 2019 | 83 Views

Jonathan Moyo, Kirsty Coventry mourn Mnangagwa's 'love-rival'

by Mandla Ndlovu | 20 August 2019 | 76 Views

Our 'scoop' obsessed jurnos, first things first

by Tondorindo Murisa. | 20 August 2019 | 47 Views

A Letter to Zimbabwe National Army Officers

by Poverty-Stricken Zimbabwean | 20 August 2019 | 71 Views

Chamisa's hired soldiers caught with their pants down

by Dr Masimba Mavaza | 20 August 2019 | 76 Views

European Union shocks Mnangagwa's government

by Mandla Ndlovu | 20 August 2019 | 66 Views

Rebecca Malope retires

by Mandla Ndlovu | 20 August 2019 | 110 Views

The Crocodile in Crisis

by The Times | 20 August 2019 | 136 Views

'Zimbabwe to issue cash notes soon'

by Bloomberg | 20 August 2019 | 184 Views

Zimbabwe youths rally behind Chief Ndiweni

by Mandla Ndlovu | 20 August 2019 | 138 Views

Zimbabwean woman forced to give birth standing up in South Africa

by Staff reporter | 20 August 2019 | 146 Views

Open letter to Jacob Mudenda: What was your role during Gukurahundi?

by Nicholas Ncube | 20 August 2019 | 101 Views

Moral authority is a pre-requisite for Good Governance

by Big Monday with Tinashe Eric Muzamhindo writes: | 20 August 2019 | 78 Views

Zimdiaspora in final push

by Thabo Makuyana | 20 August 2019 | 90 Views

WATCH: Soldiers in Gweru march on behalf of Chamisa's MDC

by Staff reporter | 20 August 2019 | 177 Views

August 16 exposes the MDC's insincerity

by Nobleman Runyanga | 20 August 2019 | 80 Views

Mnangagwa 'love rival' dies

by Staff Reporter | 20 August 2019 | 135 Views

State effects a de facto ban on civilian politics

by Luke Tamborinyoka | 20 August 2019 | 85 Views

Chitembwe signs Harare City deal

by Staff reporter | 20 August 2019 | 80 Views

Zanu-PF congratulates Mnangagwa

by Staff reporter | 20 August 2019 | 82 Views

Govt hires 19 doctors

by Staff reporter | 20 August 2019 | 85 Views

Duo in trouble for assaulting ex-mayor

by Staff reporter | 20 August 2019 | 76 Views

Kambarami and Chigora found not guilty

by Staff reporter | 20 August 2019 | 84 Views

BREAKING: Bomb scare in Bulawayo

by Staff reporter | 20 August 2019 | 87 Views

Match fixing scandal rocks Zifa Southern Region

by Staff reporter | 20 August 2019 | 73 Views

Chunga not qualified to coach TelOne side

by Staff reporter | 20 August 2019 | 85 Views

Zanu-PF hails Sadc

by Staff reporter | 20 August 2019 | 70 Views

Teen gangster pleads guilty

by Staff reporter | 20 August 2019 | 65 Views

No pay, no invigilation: Zimsec told

by Staff reporter | 20 August 2019 | 61 Views

Chamisa raises ante against Mnangagwa

by Staff reporter | 20 August 2019 | 67 Views

Police ban MDC Gweru demonstrations

by Mandla Ndlovu | 20 August 2019 | 52 Views

Zanu-PF vows resistance against MDC 'regime change' plot

by newzimbabwe | 20 August 2019 | 48 Views

MDC's campaign for Chief Ndiweni release worrisome

by Editorial - Newsday | 20 August 2019 | 65 Views

Rural teachers chicken out

by Staff reporter | 20 August 2019 | 39 Views

Protests a form of feedback

by Zanda Shumba | 20 August 2019 | 39 Views