Its been a long time coming… but Econet finally increases customer base

23 Aug 2004

Wireless operator Econet has reported a 20% increase in subscribers in the six months ended 30 June 2004 to 173,604, ending a four year period under which the operator laboured under an essentially static base. Following heavy investment in the company in the first half of the year, capacity of the network has been increased to 400,000, leading the company to predict that by end 2005 it will serve 350,000 customers. ARPU at the end of June 2004 stood at USD19.6, up from USD5.44 twelve months earlier.