HARARE, Dec. 16 (NewsDay Live) – Econet Wireless Zimbabwe has unveiled plans to spin off its infrastructure division and list it on the Victoria Falls Stock Exchange (VFEX), subject to shareholder approval of a reconstruction scheme that would also see the parent company delisted from the Zimbabwe Stock Exchange (ZSE).
An official told NewsDay Live that the new entity, to be known as Econet InfraCo, already operates as a division responsible for leasing telecommunications towers, power systems and property, and boasts strong revenues, profitability and a solid balance sheet.
Econet InfraCo has extensive experience and technical expertise in developing and leasing what the group terms “passive infrastructure”, including towers, power supply systems and buildings housing network equipment. It also manages a large portfolio of land and buildings in all major cities. Under the proposed structure, more of these assets will be opened to third-party users for leasing and rental.
Econet joins a growing list of major African telecoms operators that have spun off their infrastructure units. Companies such as MTN, Vodacom, Airtel and Orange have undertaken similar moves, either through separate listings or outright sales.
If approved, Econet InfraCo will be listed independently on the VFEX. Concurrently, Econet Wireless Zimbabwe will be delisted from the ZSE, where officials believe is currently trading below its intrinsic value.
A shareholder meeting to consider the proposal is scheduled for January 2026.
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