Econet values its equity at 2X market cap

Econet says it will remain a public company, continue paying dividends and facilitate share trading through over-the-counter platforms.

ECONET Wireless Zimbabwe (Econet) says its implied equity value is in excess of US$1,78 billion, almost twice its Zimbabwe Stock Exchange (ZSE) market capitalisation of approximately US$902,58 million. The valuation is based on an alternative value discovery mechanism the group recently undertook to better facilitate value enhancement and preservation for shareholders. The telecommunication giant, which…

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