Zimbabwe: Q3 Telco Revenue Growth Belies Soaring Costs, Legacy Debt Woes
Zimbabwe: Q3 Telco Revenue Growth Belies Soaring Costs, Legacy Debt Woes 21 December 2020 ZIMBABWE'S telecommunications industry reported a surge in revenues in the third quarter of 2020, but experts warn the sector is by no means out of the wood, amid rising costs and a huge legacy debt burden. Statistics from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), show mobile network operators' revenues increased by 194 percent to $8,9 billion in the third quarter to September 2020, compared to $3 billion recorded in the previous quarter. However, operating costs also r...
Source: allafrica.com