Zimbabwe Telecommunications sector has recorded a total revenue of $1.5billion, the Postal and Telecommunication Regulatory Authority of Zimbabwe (POTRAZ) 4th Quarter Abridged Report has revealed.
A Quarterly growth in the mobile operator revenue revealed a decrease in revenue of 13.3% from the 3rd Quarter where a total of $331,165,401 was produced to $287,035,249 in the 4th Quarter.
Presenting the 4th Quarter 2018 Sector Performance Report, yesterday Potraz Director General Dr Gift Machengete spoke on the annual comparison of revenue produced by Mobile Network Operators.
“Total telecommunications revenue increased by 40.9% to record $1,564,275,216 in 2018 from $1,109,899,246 recorded in 2017,” he said.
Dr Machengete also revealed that there has been a decline in postal volumes due to the substitution of paper communication by electronic methods, he also noted that the decline in letter volumes will continue.
“On the other hand,Postal and Courier Revenues declined by 13.9% from a record of $40,979,546 to $35,274,733 recorded in the 4th Quarter.
Capital expenditure by mobile operators also grew by 199.8% to record
$29,501,279 in the quarter under review from $9,841,500 recorded in the previous quarter.
The fourth quarter of 2018 recorded the highest growth in capex as shown above.
Annual capital expenditure by mobile operators declined by 41% to $59,5 million from $100 million in 2018.
“The total number of base stations in the country was 8,796 as at 31 December 2018, up from 8,662 recorded in the third quarter following the commissioning of 134 additional base stations. An annual comparison shows that 130 2G base stations, 213 3G base stations and 75 LTE eNode base stations were commissioned in 2018. This has led to improved network population coverage” the report said.