Business

Postal & telcos sector poised for transformative decade: Potraz.

NewsDay Staff ·

Postal & telcos sector poised for transformative decade: Potraz.

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says the country’s postal and telecommunications sector is poised for transformation, buoyed by new technologies amid the second quarter showing a 9,24% increase in mobile network operators (MNOs) revenue. 

This comes as the regulator revealed the local industry is showing promising signs of sustained growth, underpinned by the ongoing deployment of high-speed networks such as long-term evolution (LTE) and 5G (generation).  

“Total revenue for mobile network operators grew by 9,24% from ZiG6,15 billion to record ZiG6,71 billion, while aggregate operating costs decreased by 5,47% from ZiG3,68 billion to ZiG3,48 billion,” Potraz said in its new second quarter report for the sector. 

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