Econet wary of share price valuation

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ECONET Wireless Zimbabwe (Econet) says its share price on the Zimbabwe Stock Exchange (ZSE) is ‘grossly undervalued’- prompting the group to consider several corporate actions to unlock its intrinsic value. The country’s biggest telecommunication company by subscription is touted to hit US$1 billion in revenue by year end after it raked in ZiG13,5 billion, translating…