ECONET Wireless Zimbabwe (Econet) has announced plans to delist from the Zimbabwe Stock Exchange (ZSE) to unlock shareholder value by separating its core mobile business from its infrastructure assets. The decision will see the telecommunications giant create a dedicated entity, Econet Infrastructure Company Limited (Econet InfraCo), to hold its real estate, towers, and power assets.…
Econet to delist on ZSE
Econet said the planned listing of Econet InfraCo on the VFEX is positioned to maximise the value of the infrastructure assets.