ECONET Wireless Zimbabwe Limited (Econet) has called for balanced regulation, given the rising operational costs driven by inflation and the shift to using the US dollar.
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.
During the quarter under review, Econet recorded a 177 percent increase in inflation-adjusted revenue from $0,8 trillion relative to the same period last year.
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