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Telecom Firms total revenue grows by 14,5% to percent $262 m in third quarter

8 years agoWed, 14 Dec 2016 08:39:19 GMT

Telecom Firms total revenue grows by 14,5% to percent $262 m in third quarter

According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) report released yesterday, the total revenue for telecommunication firms grew by 14,5%. The figures are for the third quarter ending September 30th. The revenue increased to $262,02 million from $228,74 million in the previous quarter. This can be attributed to an improved revenue performance from mobile operators and internet access providers (IAP).

The report said:

The growth in mobile and IAP revenues led to a 14,5% increase in total telecommunication revenues to record $262 021 721 from $228 748 120 recorded in the previous quarter. On the other hand, total revenue generated by the postal and courier operators declined by 0,2% as a result of depressed volumes.