Mobile network operators record 36% revenue jump

ZIMBABWE’S mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, the industry regulator has reported.

The country has three licensed operators, two of which are State-owned — NetOne and Telecel and a third which is privately-run, Econet.

A sector report by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) shows that on a quarterly basis revenues were down 13% to $287 million in the quarter to December from $331 million recorded in the third quarter of 2018.

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