Econet Wireless last week agreed to enter into a deal with Network Operators to share their infrastructure, a move which POTRAZ, government and other stakeholders were eagerly awaiting.
Government came to a point where it even drafted a Statutory Instrument to legally enforce Econet to share its infrastructure but it never made the company to give in.
The argument that Econet gave in was that it only had to be done in the instance that Mobile Network Operators (MNOs) would have invested infrastructure in different geographic regions, hence sharing infrastructure was sensible since it would avoid infrastructure duplication.
Speaking about this development, Econet CEO Douglas Mboweni said, “We are happy to have signed this agreement, something we have wanted to do in a very long time. We consider this to be a very fair arrangement and believe it represents a giant step in our collective endeavour to bring connectivity and ICT services to all Zimbabweans”.
Netone’s CEO who was the most happiest said, “This agreement allows Netone and Econet to optimise the utilisation of scarce foreign currency as it eliminates the duplication of infrastructure. This is a watershed agreement which supports Vision 2030 which is to create a middle-income status economy”.
Econet was charmed by the terms and conditions of the deal.