Econet is among 20 of the biggest telecommunications companies in Africa after establishing itself in several countries. This is largely because Econet offers high-quality mobile telecommunications services, including voice, SMS, and internet services.
The quality of its service offering has made it the mobile service provider of choice in the 17 countries it currently operates. Econet has operations in Africa, South America, East Asia Pacific Rim, Europe, and North America.
How Many Subsidiaries Does Econet Have?
Econet has 3 subsidiaries which include Cassava Smartech Ltd and Econet Wireless, which are listed on the Zimbabwe Stock Exchange(ZSE), and Liquid Telecom which is listed outside Zimbabwe. However, Econet, as a holding company is not listed on any stock exchange.
The holding company is controlled by the founder, Strive Masiyiwa, and a few other shareholders.
Who owns Econet in Zimbabwe?
Econet is owned by self-made Zimbabwean billionaire, Strive Masiyiwa. He was born on 29 January 1961. Strive Masiyiwa is a well-known businessman and philanthropist involved in many charitable initiatives across the African continent. He is also a board member of Netflix. Masiyiwa is currently based in London and is married with 3 daughters.
When Did Econet Start in Zimbabwe?
Econet first launched on the 10th of July 1998. This was after a protracted court battle that lasted for years where Strive Masiyiwa was fighting to break the telecommunications monopoly that was then held by PTC.
Ever since that landmark court battle, Econet has established itself as the clear leader in the telecoms industry with its strong innovative drive. Over the past 2 decades, Econet has branched out into new markets and now has a presence in 17 countries.
Is 5G available in Zimbabwe?
True to form, Econet is once again at the forefront of innovation. Having been the first to introduce 3G and 4G technology, they are the first country in Zimbabwe to introduce 5G. At the present moment, there are a few places in Harare and the rest of Zimbabwe where 5G connectivity is available.