2024 Q2: Zimbabwe's mobile network operators record 217% revenue surge, 51.41% OCC, and rise in subscriptions.
In Q2 2024, Zimbabwe's mobile network operators saw a revenue surge of 217%, reaching ZWG2.88 billion, as reported by Potraz. Profitability improved significantly, with operating cost coverage dropping to 51.41%. Mobile subscriptions rose to 14.83 million, and internet subscriptions grew by 4.24% to over 12 million, reflecting a consumer shift toward data services. Despite power cuts, the sector is poised for ongoing growth through infrastructure and technological investments.
September 30, 2024
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