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Econet seals deal with US-based Sandvine
13/11/2013 00:00:00
by Business Reporter
 
Network solutions deal ... Econet CEO Douglas Mboweni
 
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Econet Wireless profits dip 10 percent

TELECOMS giant Econet Wireless has signed a deal with US-based network solutions firm Sandvine to help the telecoms firm offer services such as roaming notifications, bill shock prevention, family plans and data bundle options.

In a statement accompanying its financial results released last month, the company said it plans to extend its offering to other services as its “voice revenues are slowing down”.

According to the deal, Sandvine is therefore set to enable services for both prepaid and post-paid subscribers linked to Econet’s network.

The American solutions firm is exhibiting at the on-going AfricaCom (12-14 November) underway in Cape Town, South Africa.

With a subscriber base of over 8.5 million in Zimbabwe, Econet remains by far the biggest telecommunications company in the country retaining a blue-chip status on the local bourse.

"Sandvine's technical accuracy … gives us confidence that as our network and subscriber adoption continues to grow, so too will our service offerings," Econet Wireless’ general manager Products and Services, Leon de Fleuriot said Tuesday.

Adding his company is “committed to maintaining its leadership position in Zimbabwe” by rolling out new Internet and mobile data services that meet the growing demand across the country.

Econet has had to deal with growing competition from Telecel Zimbabwe currently ranked second and rolling out promotions that have rocked prices on the market. The other competitor is state-owned Netone that seems struggling to catch up with the dynamic industry.

A week ago Econet raised eyebrows after its chief executive officer Douglas Mboweni was quoted in the media as admitting for the first time in a decade that sanctions imposed by the West were hurting business.



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