Total deposits on mobile money platforms decline 10,5 percent in 3Q15

Total deposits on mobile money platforms decline 10,5 percent in 3Q15
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Total number of active mobile subscriptions increased 3.7% to reach 12,394,383 subscriptions from 11,949,791 recorded in the previous quarter.

REVENUE generated by the country’s three mobile telephone operators, Econet, NetOne and Telecel in Q3, 2015 was 2.9% down at $183,164, 014 compared to $188, 546,864 in the previous quarter.

According to a Postal and Telecommunications Regulatory Authority, an increase in national voice tarrifs could not translate into increased revenues largely because the traffic increase was driven by net-on-net calls which were being offered at discounted promotional rates.

Voice service made up 60.1% of total mobile operator revenues in the quarter. The number of mobile money subscribers increased 7.1% to reach 6.7 million from 6.2 million subscribers recorded in the second quarter.

Potraz says the number of agents also increased 6.9% to reach 29,775 from 27,862 recorded in the previous quarter while mobile penetration rate of active callers increased 1.3% to reach 92.8% from 91.5% recorded in the previous quarter.

“However total deposits on mobile money platforms declined by 10.5% to record $458 million from $512 million recorded in the previous quarter.”

Total number of active mobile subscriptions increased 3.7% to reach 12,394,383 subscriptions from 11,949,791 recorded in the previous quarter.

All the mobile operators with the exception of Telecel Zimbabwe experienced increases in their active subscribers, however Telecel still has a higher percentage of active users meaning that their larger chunk of subscribers are still making much more calls, probably because of their attractive Telecel-Telecel intra calls.

As a result the mobile penetration rate was up 1.3% to 92.8% from 91.5% recorded in the previous quarter.

Fixed voice service generated a total of $30,944,387 in the third quarter of 2015, representing a 1.3% increase in revenue from $30,533,976 generated in the previous quarter an increase attributed to the increased voice traffic in the period under review.

The total voice traffic processed on the fixed telephone network increased by 3.8% to record 170,183,284 minutes from 164,025,120 minutes recorded in the previous quarter.

On other hand investment declined 32.9% to $4,600,292 from $6,853,320 invested in the previous quarter.

Revenues generated by the licensed postal and courier operators declined 6% to $6,045,875 from $6,432,199 recorded in the previous quarter and the decline in the revenues of postal and courier operators is attributed to the decline in postal and courier volumes, a trend which started in 2010.

The total number of internet subscriptions increased 4.7% to record 6,086,827 from 5,815,518 subscribers. Likewise the internet penetration rate increased 2.1% to record 46.6% from 44.5% recorded in the previous quarter.

Active fixed telephone lines declined 0.2% to reach 332,211 from 332,866 recorded in the previous quarter. Likewise the fixed tele density declined by 0.1% to record 2.5% from 2.6% recorded in the second quarter of 2015

The fixed network also experienced a decline in international outgoing traffic and this is attributed to the proliferation of alternative Over the Top communication platforms such as WhatsApp and Viber.

“As demand for data and internet increased operators had to commission more STM1s to increase their capacities.”

The total number of active mobile subscriptions increased 3.7% to reach 12,394,383 subscriptions from 11,949,791 recorded in the previous quarter. As a result the mobile penetration rate increased by 1.3% to reach 92.8% from 91.5% recorded in the previous quarter.
Mobile penetration rate of active callers increased 1.3% to reach 92.8% from 91.5% recorded in the previous quarter. FinX

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