ECONET Wireless Zimbabwe has reported a 56 percent surge in data usage and a 36 percent increase in voice services in its half-year (H1) results for the six months ending 31 August 2024.
The company’s results also reveal a significant rise in capital expenditure to revenue, reaching 26 percent, up from 10 percent in the previous period, as part of its accelerated 5G network expansion strategy.
The financial results, released earlier this week, highlight that data services now contribute 47 percent of Econet’s total revenue.