Mobile operator Telecel Zimbabwe aims to double its customer base by the end of October.
Hyperinflation and foreign currency shortages have negatively impacted the country’s telecommunications growth.
But, Egyptian Orascom Telecom, which has a 60 per cent majority share in Telecel Zimbabwe said the country’s economy has stabilised, which will provide it with significant growth.
Telecel Zimbabwe chairperson Jane Mutasa said: “As of the end of July, our subscriber base stood at 355,000.
“We have plans to increase the subscriber base to 700,000 by end of October 2009 and to have installed capacity of 1.2 million by the end of this year.”
If Telecel obtains 700,000 customers, it will become the country’s second largest network, behind Econet Zimbabwe.
Analysts claimed Zimbabwe has low telephony penetration, below 10 per cent. There are less than two million mobile phone subscribers in the region.
Econet recently announced it has over one million customers and was the first network in the country to launch 3G services at the end of August.
Mutasa said Telecel plans to launch 3G services.
Orascom Telecom announced profits of $111.8 million in the second quarter, up 38 per cent year on year.
It also reported 84 million subscribers by the end of the quarter, compared with over 80 million at the end of March.