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The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) data showed that mobile telecoms operators’ revenues increased by 103% to ZW$61.39 billion during the third quarter of 2022.
The mobile operators revenue grew by ZW$31.29 billion up from ZW$30.1 recorded in the last quarter.
Performance was also boosted by a rise in active mobile telephone subscriptions, which increased by 4 % to 14.562.242 million during the review period, compared to 14,006.034 million during the second quarter of 2022.
This translated to a 3.6 % rise in mobile phone penetration rate to 95.9 % compared to 92.3% during the previous quarter.
Meanwhile operating costs rose by 97.1% to record ZWL$48.6 billion up from ZWL$24.7 recorded in the last quarter
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