Econet Wireless - October 2012

Econet Wireless Zimbabwe

LEADING DEVELOPMENT THROUGH TECHNOLOGY

LEADING DEVELOPME THROUGH TECHNOLO

Investing heavily in Zimbabwe’s communications infrast for the economic and social development of the count Written By Tom Lloyd Produced By Nick Norris >>>

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Econet Wireless Zimbabwe

Econet Wireless Zimbabwe

Experiencing substantial subscriber growth

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Leading development

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CONET WIRELESS ZIMBABWE IS THE largest provider of telecommunications services in the country, providing solutions in mobile and fixed wireless telephony, internet access, mobile money transfer and payment solutions.

GROWTH THROUGH INVESTMENT

Econet has experienced exponential growth since inception in 1998. Listed as one of the largest companies on the Zimbabwe Stock Exchange in terms of market capitalisation, Econet is a significant investor in Zimbabwe’s economic infrastructure.

To date the Group has invested in the region of US$1 billion in the country’s communications infrastructure, accruing 70 percent of the mobile market share with a continuously growing subscriber base. The expansion has been particularly prevalent in recent years, with approximately US$614 million invested and a growth from 1.2 million to 6.4 million subscribers since 2009.

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Econet Wireless Zimbabwe

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Network upgrades are key SUPPLIER STATS Three6Five Network Technologies Employees: 33 Industry: IT Services: Network services Visit Website

As part of an ongoing commitment to upgrade its network, carry more subscribers, enhance service quality and to further widen its geographical coverage, Econet has pursued a number of capital agreements with outside investors.

In a deal worth US$20 million,

Econet Wireless Zimbabwe

Econet obtained a facility from the Industrial Development Corporation of South Africa Limited (IDC) in order to vastly expand its cellular network and pay for ancillary costs. Further testament to its commitment to growth, the facility was taken under a number of conditions restricting dividend payments and changes to the share capital, all of which have been adhered to.

Growth through investment

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Leading development

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TO DATE THE GROUP HAS INVESTED IN THE REGION OF US$1 BILLION IN THE COUNTRY’S COMMUNICATIONS INFRASTRUCTURE

Econet firmly believes that growth has to come through investment, ensuring that the best quality of service is provided for customers are the only sure way to retain and grow market share.

PIONEERING TECHNOLOGY

Pioneering is a key value at Econet. Following the rapid growth in the take up of the Group’s voice and SMS services in 2009, the network became the first operator in Zimbabwe to launch data services using 3G technology, and in 2010, Econet launched the country’s first mobile broadband network. In 2011,

Econet Wireless Zimba-

Leading de

EcoCash, a mobile money transfer and payment platform was launched, further liberating the people, making life easier as the Group continues to develop. “EcoCash was launched during the year and has achieved unprecedented success. Over one million subscribers were registered in less than six months since the launch of the product. To a great extent, ECONET HA the success of this product STRATEGY FOR was due to the extensive COMMUNITY IN network coverage that was deployed by the business.

This was realised due to the ability of the business to access funding at a time when other businesses in the country were not able to access capital,� said Tawanda Nyambirai, Chairman of the Board.

ECONOMIC AND SOCIAL DEVELOPMENT

The network expansion strategy pursued by the

evelopment

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business has resulted in accelerated growth and a significant increase in the competitive gap. As a proponent of technology leading development, Econet strives to improve the lives of others and the economic development of Zimbabwe through its capital investment.

In line with its Christian-based vision AS A BROAD and mission, Econet R SOCIAL AND has a broad strategy for NVESTMENT social and community investment, run under the ‘Econet in the Community’ banner. Through these programmes, Econet supports a diverse range of charitable causes, which include support to more than 50,000 disadvantaged children through educational sponsorships by Capernaum Trust. And in recognition of those students who excel academically, Joshua Nkomo Scholarship Fund (JNSF) provides a platform to assist over 500 students.

Econet Wireless Zimbabwe

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National Healthcare Trust Zimbabwe continues to provide health related services to under-serviced communities and to respond to medical crises.

In recognition of Econet’s pioneering approach to customer service and social Providing an award winning serv development Econet was awarded the 2011 Africa Frost & Sullivan Award for cust following an analysis of broadband communications in A Group was awarded the best customer service award out participated in a well publicised customer service percep an independent research firm.

The Group continues to be a major driver of economic a transformation through its contribution to fiscal revenues, changing innovations, as well as its corporate social invest business remains committed to making a difference in the across the country through the provision of material and f

eading development

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Industry: Mobile and wireless communications

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Founded: 1998

tomer value enhancement Africa. Furthermore, the t of 119 organisations that ption survey conducted by

activity and social , introduction of life tment initiatives. The e lives of the less privileged financial support. afbr

Headquarters: Harare, Zimbabwe Key People/Titles: Tawanda Nyambirai Chairman of the Board Products: Mobile, wireless, broadband, 3G, and mobile money transfer services Revenue: US$496 million Employees: 1000 Website: www.econet.co.zw

Econet Wireless Zimbabwe Econet Park, 2 Old Mutare Road, Msasa, Harare, Zimbabwe Tel: +263-4-486121/6 | Fax: +263- 4-486120 o@econet.co.zw | www.econet.co.zw

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