Online Reporter
Tapiwanashe Mangwiro
Senior Business Reporter
Econet Wireless Zimbabwe shareholders will get US$0,50 per share split-value exit offer ahead of the mobile telecoms firm’s proposed voluntary delisting from the Zimbabwe Stock Exchange (ZSE).
If approved by shareholders and regulators, Econet would proceed to separately list the spinoff infrastructure company on the Victoria Falls Stock Exchange (VFEX).
The exit offer to shareholders represents a premium of more than 150 percent to the 90-day Volume Weighted Average Price VWAP before the first cautionary on the transaction and up to 400 percent compared to selected 2025 trading prices, levels the board describes as exceptional by both local and regional standards.
In the detailed circular to shareholders, dated February 4, 2026, the company’s board said the decision was driven by a persistent and damaging “valuation disconnect.”
Econet has offered shareholders a combined value of US$0,50, split as US$0,17 cash payment and US$0,33 shares in the proposed spinoff, Econet Infrastructure Company (Econet InfraCo).
Zimbabwe’s biggest mobile network operator said the proposed transaction will unlock value that has remained suppressed by structural constraints in the local capital market, despite years of heavy investment in infrastructure.
Econet will seek shareholder approval at the company’s Extraordinary General Meeting scheduled for February 26. It said failure to approve the delisting would derail the proposed restructuring, including the exit offer and the proposed VFEX listing of Econet InfraCo.
“Should shareholders fail to approve the voluntary delisting of the company, the Exit Offer will not be implemented and Econet InfraCo will not be listed on any securities exchange,” the circular says.
At the heart of the planned restructuring is Econet’s contention that its ZSE valuation no longer reflects its true economic worth.
