The Industrial Development Corporation (IDC) has commended the state owned national mobile network operator – Zamtel for crossing the three (3) million subscriber base.
IDC group CEO Mateyo Kaluba has said that Zamtel has recorded notable increase in mobile subscribers on its network over the past two years. He stated that Zamtel has increased its subscriber numbers by over 175% from 1.2 million in 2016 to 3.4 million as at June 2019. This translated in a growth of market share from 10% in 2016 to the current 19%.
Kaluba also said it is the highest number of subscribers in the history of Zamtel and the highest market share attained by the company in a very competitive Telecoms sector.
In a statement made available to the Zambia Business Times – ZBT by IDC Public Relations Manager Namakau Mukelabai, Kaluba commended the Board, Management and staff of Zamtel on the attainment of the key milestones, which he said were on account of the Board and Management embracing the transformation agenda of the IDC.
He further said the growth has been underpinned by innovation in designing competitive products, the ongoing network rollout across the country as well as the graduation to 4G and 4.5G in urban and suburban areas.
“I strongly urge the Board and management to continue to drive transformation from within particularly in areas of cost reduction, innovation and internal restructuring. We look forward to a growing, sustainable and profitable business “, he said.
Kaluba further added that the IDC would render its full support to the continued growth of the business and to ensuring that Zamtel remains a key player in the telecoms sector.
Zamtel has the potential of becoming the biggest Telecoms company in Zambia as it has the potential to grab the lucrative government account once it fixes some of the historical service related issues. The locally owned Telecoms company has recently recruited an experienced Telecoms commercial director Kenneth Sikamba who is expected to drive its sales and distribution agenda.
