Econet Wireless Zimbabwe Limited has announced plans to voluntarily delist from the Zimbabwe Stock Exchange ZSE, subject to shareholder approval. The decision follows a board resolution and a cautionary announcement issued on December 3, 2025, as the company seeks to unlock shareholder value and address long-standing valuation challenges.
The company noted that its shares have traded at a significant discount to comparable African telecom operators, which typically trade at enterprise value multiples of between six and eight times EBITDA. Unlike its peers, Econet has retained ownership of its towers and other passive infrastructure assets, which are commonly separated into standalone infrastructure entities to improve valuation transparency and capital efficiency.
As part of the restructuring, Econet has established a new subsidiary, Econet Infrastructure Company Limited Econet InfraCo, which will hold the group's real estate, tower, and power assets. This move aligns with international best practice in the telecommunications sector, where operators separate passive infrastructure into dedicated tower companies to enable focused asset management and clearer valuation.
