Zamtel has announced that its subscriber base has now surged breaking into the 2 million subscriber ceiling this August.

In May, Zamtel picked up its performance to record the highest month on month growth in mobile prepaid revenue of 26.1 percent, growth in mobile subscribers of 9.6 percent, growth in gross revenues of 18.6 percent and achieved a profit for the first time in 2017.

The Company has continued on this accelerated growth trajectory both in revenue and subscriber numbers coming on the back of an aggressive subscriber acquisition drive, attractive marketing and product offers as well as the impact of the revised tariffs on fixed line service.

Acting Chief Executive Officer Mr. Sydney Mupeta said Zamtel’s performance has continued to improve, recording consistent positive revenue since May due to prudent resource utilisation and exciting product offers, including the recently launched Zamtel Kwacha.

Mr Mupeta said Zamtel has continued to show great potential for growth on both its Fixed and Mobile business segments.

He added that the firm remains focused on pushing growth barriers out of the way to aggressively grow the business to turn it into a viable and profitable company before the end of the year.

“Zamtel remains committed to investing in network expansion and increased capacity aimed at improving customer experience, accelerated customer acquisition and revenue growth,” said Mr Mupeta.

“To celebrate the 2 million customer milestone, Zamtel is giving all its valued customers a free on-net offer of 20 MB of data 20 minutes voice and 20 SMSs to be redeemed within two weekends of the offer by dialling short code 9595,” he said.

10 COMMENTS

cyprus Musoka August 17, 2017 At 7:50 am

Good news for Zamtel but does Mr Mupeta know that Kalumbila township has never had these fixed and mobile segments services?
Only Built For Cuban Links August 17, 2017 At 9:24 am

HERE IS TO MANY MORE NEW SUBSCRIBERS! #CHABEBA
- Jay Jay August 17, 2017 At 6:14 pm
  
  Tbis is just acting CEO wanting permanent role!!
bwafyaa August 17, 2017 At 11:51 am

For NOW WE SHALL WAIT TILL YOU REGISTER PROFITS!! As a ZAMBIAN, I FEEL HURT THAT ZAMTEL FAILS TO MAKE PROFITS WHERE OTHERS ARE HAULING “SUPER PROFITS” in the Telecoms sector!!
Hamutale August 17, 2017 At 12:10 pm

Zamtel has been profitable last three months and counting… …… Zamtel is back!
- Jay Jay August 17, 2017 At 3:52 pm
  
  No mention of profit figures here even if say if profit before and after tax..
Hamanjanji Malambo August 17, 2017 At 2:20 pm

Well, good if Zamtel is hitting the roof BUT the company lacks consistence in aggression. In addition, looking at the current services, How does the company make you lose minutes and bundles in the process on buying additional ones? This is very unfair Zamtel – in fact it’s stealing!
Jay Jay August 17, 2017 At 3:50 pm

“…record the highest month on month growth in mobile prepaid revenue of 26.1 percent, growth in mobile subscribers of 9.6 percent, growth in gross revenues of 18.6 percent and achieved a profit for the first time in 2017”
Really laughable they mention all the percentage figures but no profit.
Recess August 17, 2017 At 6:40 pm

Well done Zamtel team under your acting CEO. Under the former CEO, we can truely see that the man really wasted the resources for the company.
You can even more….
- Jay Jay August 17, 2017 At 9:58 pm
  
  As they say “turnover is vanity, profit is sanity, cash is a reality” A company can increase turnover 2 fold but if expenditure and waste is uncontrollable you are simply being foooled…let the govt send in auditors not this propaganda to dupe cadres.