Online Reporter
Business Reporter
Econet Wireless Zimbabwe has unveiled plans to spin-off its infrastructure division that could soon be listed on the Victoria Falls Stock Exchange (VFEX), if shareholders approve a scheme of reconstruction that includes delisting of the parent company, Econet Wireless Zimbabwe from the Zimbabwe Stock Exchange (ZSE).Econet InfraCo, as the company will be known, already operates as a division responsible for leasing out telecommunication towers, power systems and property. It has strong revenues, profitability and balance sheet.
Econet InfraCo has vast experience and technical expertise in building and leasing out what Econet calls “passive infrastructure”, which is everything from towers, power supply systems and buildings to house its equipment.
It also manages a large portfolio of buildings and land, in all the major cities. Some of these assets will now be opened to more third-party users for leasing and rental.
Econet becomes the latest major operator in Africa to spin off its infrastructure group. Large operators like MTN, Vodacom, Airtel and Orange have done the same, with some listing the spun off businesses or just selling them altogether.
Econet has announced that it will list Econet InfraCo separately on the VFEX, if approval is granted by the shareholders. Concurrently, this will result in the delisting of the parent company, Econet Wireless, from the ZSE, where it currently trades below its intrinsic value.
A shareholder meeting will be called in January 2026 for purposes of adopting this proposal.
