NetOne subscriber base up 6,1%

NetOne subscriber base up 6,1%
Published: 07 October 2019
STATE-OWNED mobile network provider NetOne increased its subscriber base by 6,1 percent in the second quarter to June 2019, latest industry figures show.

According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) second quarter report, NetOne added over 159 000 new customers to its subscriber base from 2 593 444 in the first quarter to 2 752 458.

This resulted in the mobile telecommunications firm, which recently registered a $10 million profit for the first time in 10 years, increasing its market share from 21,4 percent to 22,3 percent.

On the Internet and mobile data front an 8,2 percent decline was recorded for the mobile sec- tor. In the period under review, data usage declined to 9,367 Terabytes from 10,201 Terabytes recorded in the previous quarter. This is the first quarter in one-and-a-half years to record a decline in mobile Internet and data consumption, the report revealed.

However, despite the decline in Internet and data usage, NetOne gained market share of Internet and data usage by 0,8 percent, while Econet and Telecel lost 0,5 percent and 0,3 percent, respectively. The report attributed the growth to NetOne's favourable promotional bundles and packages.
- dailynews
Tags: NetOne,


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