Posts filed under ‘Telecel’
As part of a delayed budget announcement, Zimbabwe’s acting Minister of Finance Patrick Chinamasa has included a cut in Value Added Tax (VAT) on mobile phone airtime, reports AllAfrica.com. ‘I propose to standardise the rate by reducing it to 15% [from 22.5%] with effect from 1 February 2009, in line with the prevailing general level of VAT on other products,’ he said last week. Since the country’s three mobile operators – Econet, NetOne and Telecel – were given the nod by the Reserve Bank of Zimbabwe to bill their services in foreign currency, call tariffs have increased to as much as USD0.33 per minute, which the operators blamed on excessive VAT rates.
The Bolivian government has announced that the state-owned telecoms operator Entel finished 2008 with over two million mobile telephony clients. In June 2008 Entel’s subscribers totalled 1.8 million compared to rivals Telecel and Nuevatel with 1.19 million and 1.15 million clients respectively. With new subscribers totalling around 50,000 a month in the second half of 2008, and a plan to increase coverage in rural regions from 2,600 to 3,600 base stations in 2009, Entel aims to consolidate its role as the largest cellco by subscribers. The operator forecasts wireless revenues will rise by 29% in 2009.