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 Thursday, October 30, 2008

Following to the 41% year-on-year increase in Econet Wireless subscribers to 910,047 at the end of August, CEO of Econet Wireless, Douglas Mboweni, said that he is confident that the cellco can reach its target of 1.2 million GSM subscribers by the end of February 2009. He further said that firm maintained its grip on the domestic mobile market, claiming an approximate 60% share of all users. It is making a move towards network upgradation with an aim of reaching a capacity of 1.2 million subscribers by the end of 2008. The funding had already been secured for additional expansion and a circular was being prepared for necessary shareholder approvals. The fresh funding would take Econetís network capacity to almost two million, he added.

Source: Wireless Federation.