ECONET Set To Upgrade Its Network Equipment

5 years agoFri, 12 Apr 2019 06:38:37 GMT

ECONET Set To Upgrade Its Network Equipment

Econet Group Chief Executive Officer, Douglas Mboweni has indicated the company’s plans to upgrade its network equipment. He revealed that the group has engaged ZTE, a Chinese multinational telecommunications equipment and systems company, to supply equipment for a multi-million core network project set to commence soon.

The upgrade is in light of Econet network disruptions lately.

Commenting on the supplier, project cost and purpose, as well as probable constratints, Mboweni said:

I can’t possibly give you a figure to the work as you might be aware we are in our closed period. We are hoping to announce our results end of May. We will also then give an update as to what else is happening in our organisation in terms of operations. You will then get your specific answers.
Our equipment comes from outside Zimbabwe and foreign currency is a challenge that is facing everyone so we always do our best in terms of actually managing that area so we are in consultation with the Reserve Bank of Zimbabwe.
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We are also looking at any creative way we can actually pursue in terms of actually bringing equipment into Zimbabwe so we talk to our suppliers as well in terms of what can be done. We have payment plans with our suppliers we always do unfortunately I can’t divulge the details.