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The country’s telecommunications sector has recorded an increase in the revenue generated by the mobile telephone networks by 194.7 percent to record ZWL$ 8.9billion from ZWL$ 3 billion.
According to the postal and telecommunications regulatory authority 3rd quarter report ( POTRAZ) mobile telephone networks by 194.7 percent to record ZWL$ 8.9billion from ZWL$ 3 billion on the other hand, mobile network operating costs grew by 23.6 percent to record ZWL$ 2.5 billion from ZWL$ 2.1 billion recorded in the previous quarter.
“IAP revenues grew by 148.6% to record ZWL2.85 billion from ZWL1.15 billion meanwhile, total operating costs for IAPs also grew by 109.3% to record ZWL1.9 billion from ZWL916.8 million recorded in the second quarter of 2020. Revenue by postal and courier operators also grew by 115.9% to record ZWL149.9 million from ZWL69.4 million; operating costs also grew by 86.9% to record ZWL109.7 million from ZWL58.7 million recorded in the second quarter of 2020,” reads report.
However, challenges such as foreign currency shortages and a generally high-cost environment continue to affect expansion projects for the sector.
“The credit crunch as well as foreign currency challenges has negatively affected network expansion and maintenance as spare parts, equipment and vendor support fees require foreign currency. The high cost of International Internet Connectivity remains a challenge as Zimbabwe is a landlocked country, accessing bandwidth from undersea cables via Mozambique and South Africa,” said Machengete.
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