The restructuring consolidates the Group’s real estate and passive telecommunications infrastructure into a dedicated wholly owned subsidiary, Distributed Power Africa (Private) Limited, trading as Econet InfraCo.
Econet Wireless Zimbabwe Limited (“Econet”) has announced the completion of a corporate reorganisation as part of its strategic and operational realignment. The restructuring consolidates the Group’s real estate and passive telecommunications infrastructure into a dedicated wholly owned subsidiary, Distributed Power Africa (Private) Limited, trading as Econet InfraCo.
The assets transferred to Econet InfraCo include immovable properties and passive network infrastructure previously held by Econet Wireless (Private) Limited (EWPL) and other wholly owned SPVs within the Group. The transfer of assets was executed as a going concern, ensuring that ownership and operational control remained with the Group and that all rights, obligations, and commercial agreements continue unaffected.
To align with international best practices, Econet rationalised the ownership of its infrastructure and real estate assets, improving operational efficiency. Where any assets remain registered in the name of Econet or other SPVs, they are held nominally or in trust for Econet InfraCo, which is the beneficial owner. Stakeholders are assured that there will be no disruption to services, access, or contractual performance as a result of the reorganisation.
Looking ahead, Econet plans, subject to shareholder and regulatory approvals, to delist from the Zimbabwe Stock Exchange (ZSE). The Group intends to use up to 30% of Econet InfraCo’s shares as compensation for shareholders choosing to exit during the delisting process, while the remaining 70% will continue to be held by the Group. All distributions and regulatory steps will follow formal engagement with the relevant authorities.
Stakeholders seeking clarification or further information are encouraged to contact Econet through its usual communication channels.