Mobile Sector Post Strong Growth

The mobile telecoms sector posted strong second-quarter growth, with operator revenues rising 9.24% to ZWG 6.71 billion and costs falling 5.47%, according to POTRAZ. Capital expenditure jumped 261% to ZWG 1.53 billion, supporting 68 new 5G base stations and 246 LTE sites. Data services generated nearly half of total revenue, driven by platforms like YouTube and Netflix, while traditional voice services continued to decline as consumers shifted to over-the-top (OTT) apps.