Using the official exchange rate on the last day of that quarter, that was worth around US$200 million. In Q1 2022, total revenues were ZW$28.8 billion. POTRAZ no longer lays out just how much revenue each MNO pulled in but we can get approximate values from the figures they provide. That said, we still want to know how the individual MNOs fared. That colours the revenue growth unimpressive, especially when we factor in the high/hyperinflationary economy they operate in. We already covered how revenue grew by 10% whilst costs surged by 22.7% for MNOs. However, MNOs always offer bundles that are much cheaper than the authorised tariff for out of bundle browsing.Īs a result, they often have more leeway to tinker with data prices than they do voice prices where they always charge the maximum allowed. That, coupled with Zimbos being forced to buy non-social media bundles that are not as discounted partly explain why.
Zimbabweans used less data but paid more for it, more so than happened with voice.īoth voice and data tariffs are controlled and when one increases, the other usually follows suit. If traffic dropped but revenue contribution increased, price increases had to be the reason for that. You would expect data’s contribution to revenue to drop in relation to voice’s as a result.
What was surprising in Q1 2022 though is that voice traffic declined by 2.3% whilst internet and data traffic dropped by 11.8%. Meaning data revenue has cemented itself in importance and if the trend continues, voice revenue will be overtaken soon. However, data’s contribution increased from 38.1% to 39.3%. In Q1 2022, voice’s contribution to revenue dropped from 42.2% to 42%, a minor dip.
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