Business Reporter
ZIMBABWE’s leading mobile network operator, NetOne Cellular has committed to scale up the digital drive on the back of reports indicating a vibrant performance which has seen revenues surging by 62%.
The forward looking strategy, which is set to enhance the group’s already acclaimed network coverage which cuts across the country’s remotest parts, was made at the 9th AGM held Friday.
“We reaffirm our bold commitment to shaping Zimbabwe’s digital economy through sustained network expansion, innovation-led growth, and deep-rooted community empowerment. The AGM served not only as a platform to reflect on the company’s strong progress in 2024, but also as a launchpad for renewed confidence in its trajectory — one anchored in tangible results, purpose-driven strategy, and visionary leadership,” said NetOne shortly after the high level meeting.
NetOne registered a remarkable 110% growth in data revenue, reinforcing its strategic shift towards digital connectivity as Zimbabweans increasingly turn to cloud-based communication, remote work tools, and e-learning platforms.
Growth was backed by the rollout of 86 new sites across the country, including 264 LTE and 16 5G-enabled base stations, with every new site launched offering at least 4G capability, a deliberate investment in modern infrastructure reflects the company’s dedication to delivering fast, reliable, and inclusive service to all Zimbabweans — urban and rural alike.
Beyond its commercial gains, NetOne’s 9th AGM placed strong emphasis on its nationwide social impact, with interventions directly aligned to the United Nations Sustainable Development Goals (SDGs).
Financially, the AGM confirmed encouraging signals. Revenue rose by 62% compared to prior year, driven primarily by strong performance in data and voice products.
While operating costs adjusted in line with inflation and increased activity, NetOne posted a healthy 68% increase in EBITDA, reflecting efficiency in operations and a resilient commercial model. Despite macroeconomic volatility, the company continues to demonstrate that it can navigate a complex environment while building long-term value.
In the recent future, the AGM outlined a forward-looking roadmap that includes the launch of cloud-based enterprise services, specialised IoT offerings, and the continued rollout of base stations in connectivity-starved areas.
“These plans are not only commercially strategic — they are a statement of intent: that NetOne is here to power a digitally connected Zimbabwe where no one is left behind,” added NetOne.
