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Wireless

Econet Wireless declares successful bids in new forex auction regime

Tuesday 20 October 2020 | 11:17 CET | News
Zimbabwean operator Econet Wireless is now obtaining some of its foreign currency from the official market, after the government introduced an auction-based exchange rate regime that other industry players say is helping to remove pricing distortions, ITWeb reported. The company said its bids at the weekly foreign exchange auctions have been successful and this is enabling it to access forex resources for crucial software upgrades, network support services and software licence fees.

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Categories: Mobile & Wireless
Companies: Econet Wireless / Liquid Telecom
Countries: Zimbabwe
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