Econet and NetOne have agreed to share infrastructure that delivers service to their customers. Such infrastructure includes sites that house towers and base stations, backup power, security and other facilities at such sites. The two technology companies signed the agreement on 22 April 2019.
Daily News reports that part of the agreement read:
The parties shall identify the infrastructure to be shared and agree on the site-sharing arrangements for each site.
Said Econet CEO:
We are happy to have signed this agreement, something we have wanted to do in a very long time. We consider this to be a very fair arrangement and believe it represents a giant step in our collective endeavour to bring connectivity and ICT services to all Zimbabweans.
Said NetOne CEO:
This agreement allows NetOne and Econet to optimise the utilisation of scarce foreign currency as it eliminates the duplication of infrastructure. This is a watershed agreement which supports Vision 2030 which is to create a middle-income status economy.
Infrastructure sharing is known to reduce the cost of delivery of telecommunication services as well as increasing the coverage of the participants in a sharing arrangement. Econet is the largest telecoms operator in Zimbabwe by the number of subscribers. It also has a very large range of services that it offers customers. NetOne, owned by the government, is the second largest mobile operator in Zimbabwe. The third largest is Telecel, also owned by the government.
More: Daily News
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