ECONET Wireless Zimbabwe Limited (Econet) has called on the sector regulator to strike a balance between the interests of the industry and those of consumers.
The telecommunications services provider said it is essential to find a middle ground where tariffs remain practical for the business without becoming unaffordable for consumers.
“Regional benchmarks reflect that local telecommunication tariffs remain much lower than the region, despite the country’s cost structures being more demanding and access to foreign currency for infrastructure deployments being a significant challenge for local businesses,” Econet said in a trading update for the third quarter ended November 30, 2023.
“To sustain the quality of services amidst higher usage rates, there’s a need for tariffs that support the business, especially as inflation impacts capital spending.”