Econet fast tracks expansion

TELECOMS

|
Image: By BiztechAfrica
Econet fast tracks expansion

Econet Wireless has received large shipments of network equipment as part of its push to expand its capacity to 10-million.

The new expansion drive by Econet is also expected to see its investment in Zimbabwe exceed USD1 billion, the largest ever in the country's history.

It follows the approval by the Econet board to "mop up" the remaining demand for lines in the Zimbabwe market.
Econet said shipment of the equipment, which began in the last few days, was expected to continue well into next year.
 
The equipment is being supplied by Ericsson of Sweden and the Chinese telecom equipment manufacturer ZTE.

Econet has also stepped up its efforts to diversify its activities into new business areas that depend on its network. By far the largest investment effort is in EcoCash, its mobile banking platform.
 
Econet is developing EcoCash to address the acute shortage of cash in the economy by making it easier to buy and sell goods without the need for cash.
 
Another major new business area is the provision of solar powered lighting which depends on the cell phone network. A new service, called the HomePowerStation, has gone into full pre-commercial trials in Zimbabwe for the first time.

Econet said this product was expected to light up many homes in the rural areas by Christmas.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE TELECOMS NEWS

MTN Uganda implements UCC’s new codes directive

MTN Uganda has finally toed the line of Uganda’s telco industry regulator by adopting the recommended codes for loading and checking balances on mobile phones in Uganda. Read More

MTN encourages more talk with relaunch of TruTalk

MTN Nigeria recently re-launched the MTN TruTalk, a prepaid plan that offers customers the opportunity to make calls at a new tariff rate of 11 kobo/sec to 11 selected numbers from any network. Read More

Tigo upgrades microwave backbone in Eastern and Volta regions

In a bid to improve its customer experience, Tigo has completed expansion work on its Eastern Microwave backbone.  Read More

Mali Orange relief as international calls syndicate dismantled

Mali Orange investors and management are breathing a sigh of relief after two brothers who used the company network to allegedly operate an illegal international calls business for the past six months were arrested last week in the capital Bamako. Read More

DRC mobile operators to be taken to court by opposition politicians

Parliamentary leaders of the political opposition in the Democratic Republic of Congo (DRC) are taking the country’s mobile operators to court for suspending their numbers for one month without any valid reasons. Read More

Frustration as strike disrupts Gabon Telecom signal

Gabon Telecom subscribers continue to recount two days – 25 and 26 February 2015 – of frustration during which they were disconnected from the world, as a strike disrupted telephone and internet signals and threw the company’s activities into turmoil. Read More

Orange to replace its CDMA network with GSM

Integrated telecommunications solutions provider Orange will no longer operate its CDMA network in Kenya. Read More

Airtel Kenya invests Sh 2.5 billion in 3G network

Bharti Airtel has announced that it has invested Ksh. 2.5 billion to upgrade its network to enhance indoor coverage and 3G quality in Kenya.   Read More

TNM buys ISP stake

Telekom Networks Malawi Limited (TNM) has completed the acquisition of the Internet Service Provider (ISP) Business and related assets of Burco Electronics Systems. Read More

BOCRA rehires Pheko as CEO

Thari Pheko has re-emerged as the Botswana Communications Regulatory Authority (BOCRA) Chief Executive Officer (CEO) after a month’s hiatus.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Malawi Govt denies clinging to ‘Cashgate’ softwareMalawi Govt denies clinging to ‘Cashgate’ software

The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

VMware unveils vCloud for NFV with Integrated OpenStack to accelerate service innovation

VMware, the global leader in virtualisation and cloud infrastructure, today debuted VMware vCloud for NFV, an integrated Network Functions Virtualization (NFV) platform that will combine VMware’s production-proven ...