ECONET Wireless Zimbabwe Limited (Econet) says it hopes the country adopts a scientific and fact-based telecommunications tariff adjustment structure as it finds current rates below viable levels.
This comes after the telecommunications sector was granted a staggered tariff adjustment by the Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) of 61 percent in July 2022, and a further 61 percent with effect from September 1, 2022, and a further 61 percent with effect from November 1, 2022.
“The tariff adjustments will cover voice, SMS, data and internet services and are determined in the local currency. The company is now selling some of its products in United States Dollars, having received the requisite approvals,” Econet explained in a trading update for the first quarter ended May 31, 2022.
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