Online Reporter
Nqobile Bhebhe, Zimpapers Business Hub
Econet Wireless Zimbabwe has further advised shareholders that its Board of Directors has resolved to pursue a voluntary delisting of the Company from the Official List of the Zimbabwe Stock Exchange (ZSE).
The move follows a cautionary announcement issued on 3 December, in which the telecommunications firm indicated it had begun evaluating potential corporate actions to unlock shareholder value, strengthen long-term competitiveness and improve access to capital.
At the time, the company cited internal concerns that its share price on the ZSE did not accurately reflect the intrinsic value of its assets and operations.
Econet was listed on the ZSE on 17 September 1998, just three months after starting operations, and has remained on Zimbabwe’s premier securities exchange since then.
Over the years, it has become the leader in the country’s information and communications technology (ICT) sector and a major player in the local equities market.
In a notice issued today, Econet said that over the past several years it has traded at a significant discount to comparable telecommunications companies across Africa, which trade at 6- 8x EV/EBITDA.
The company noted that these peers have already separated and realised value from their tower infrastructure, while Econet continues to own its tower and other passive infrastructure.
This infrastructure has now been housed under a separate infrastructure company, known as Econet Infrastructure Company Limited (Econet InfraCo) is set to be listed on the Victoria Falls Stock Exchange.
“Further to the cautionary announcement dated 3 December 2025 (“the first cautionary announcement shareholders are advised that the Board of Directors of Econet Wireless Zimbabwe Limited (the Company) has resolved to pursue a voluntary delisting of the Company from the Official List of the Zimbabwe Stock Exchange (ZSE).”
The company said it will seek shareholder approval to voluntarily delist from the ZSE in terms of Section 11.5 of the ZSE Listings Requirements.
However, Econet added that before the delisting becomes effective, it will extend a voluntary exit offer to eligible shareholders “enabling them to realise value for their investment should they not wish to remain invested in an unlisted environment.
“The exit offer will be financed partly in cash and partly in shares in the Company’s infrastructure subsidiary.”
Meanwhile, another ZSE-listed firm, National Tyre Services Limited (NTS), has also signalled its intention to delist through a voluntary termination, with effect from 31 December 2025.
“The shareholders of NTS met on 19 November 2025 and passed the resolution for the voluntary termination of its listing on the ZSE in accordance with Section 11 of the ZSE Listing Requirements.
“As required by Section 64 (1) (a)(i) of the Securities and Exchange Act [Cap24.25], the ZSE sought and was granted permission by the Securities and Exchange Commission of Zimbabwe (“SECZ”) to delist NTS from the ZSE’s official list. In terms of Section 15 (d) of the ZSE Listing Requirements, holders of NTS securities are hereby advised that the securities can no longer be traded on the ZSE with effect from 31 December 2025.”
This year, the ZSE has already witnessed several delistings, including Old Mutual’s Top Ten Exchange Traded Funds in January, Khayah Cement Limited in April and Truworths in July.
