Econet values its equity at 2X market cap

Econet is expected to delist from the Zimbabwe Stock Exchange on the same day

Advertisements 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.Advertisements 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,…

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