ZAMTEL hits 3 million subscriber threshold
Written by Millennium on July 31, 2019
SUN BUSINESS REPORTER writes
@SunZambian
ZAMTEL has grown its subscriber base which now stands at over 3.3 million, says Industrial Development Corporation (IDC) group chief executive officer Mateyo Kaluba.
Mr Kaluba said the record increase in mobile subscribers to the Zamtel network over the past two years had increased by over 175% from 1,244,117 in 2016 to 3,367,700 as at June 2019.
He said the growth translated in an increase in market share from 10percent in 2016 to the current 19percent.
This is according to a statement issued IDC public relations manager Namakau Mukelabai.
He said that also the highest number of subscribers in the history of ZAMTEL and the highest market share attained by the company in a very competitive sector.
Mr Kaluba commended the board, management and staff of Zamtel on the attainment of the key milestones, which he said were on account of their embracing the transformation agenda of the IDC.
He further said the growth had been underpinned by innovation in designing competitive products, the ongoing network rollout across the country as well as the graduation to 4G and 4.5G in urban and suburban areas.
“I strongly urge the Board and management to continue to drive transformation from within particularly in areas of cost reduction, innovation and internal restructuring. We look forward to a growing, sustainable and profitable business “, he said.
Mr Kaluba further explained that IDC would render its full support to the continued growth of the business and to ensuring that Zamtel remained a key player in the telecoms sector.
