[global telecoms business] 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.
Econet invests $400m on Zimbabwe net