(TALKZIMBABWE, AMET NEWS) Econet seeks USD 2.5 million
Econet seeks USD 2.5 millionAMET News
Thu, 04 Dec 2008 11:23:00 +0000
ECONET Wireless Zimbabwe is seeking funds to deploy a new modern billing system, which will cost about USD 2.5 million, for its 50,000 Business Partna subscribers. According to Douglas Mboweni, the CEO of Econet, the carrier is finding it difficult to raise the funds due to the current global financial crisis.
Econet migrated its Business Partna subscribers to its pre-paid platform last week, following the collapse of its old system. Business Partna account for five percent of the carrier's base, while the pre-paid Buddie and Libertie customers form the major share of it.
In addition, the carrier requires funds to address other issues critical to the existence of the network. The available resource at hand is being used by the company to save the switching system. - AMET News
Labels: ECONET, INVESTMENT, PAYMENT SYSTEMS, ZIMBABWE
posted by MrK @ 8:00 PM
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