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Zim telcos face mounting headwinds

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Harare - There is pressure on Zimbabwean telcos to lower voice tariffs, experts said, citing the need to deepen promotional offerings in light of declining revenues from voice and a current cost analysis for the industry by the state telecoms sector regulator.

Analysts at IH Securities said in a report on Tuesday that the Zimbabwean telecom industry is expected to "remain highly regulated" which will likely play against Econet Wireless, one of the ZSE counters in which there is strong interest by foreign investors.

Other issues telcos in the country will grapple with include forex shortages to fund network expansion. Zimbabwe's liquidity crunch has continued unabated and the introduction of local bond notes - that trade at par with the United States dollar - has not effectively helped matters.

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