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Econet invests $400m on Zimbabwe net
20 May 2011
Zimbabwe’s biggest mobile network plans $400m expansion
Econet Wireless, which is Zimbabwe’s largest
mobile telecommunications network, is investing $400 million to
enhance its network and improve customer care.
The group corporate communications manager Rangarirai Mberi in
an interview with The Zimbabwean stated that the amount was
sourced from the firm’s savings nationally after
the country converted to using the US dollar.
Mberi told the paper: "In total we have invested about $600
million in Zimbabwe. In Zimbabwe this year alone we have
invested at least $400 million upgrading our service as well as
replacing out-dated equipment to bring into the country updated
facilities so as to enhance our coverage."
The company plans to have 11 million subscribers by the end of
2012. Econoet is owned by Strive Masiyiwa, a Zimbabwe-born
businessman now based in South Africa. GTB