Econet Wireless Zimbabwe reported a 137 percent inflation-adjusted revenue increase for the quarter ended May 31, 2023, driven by volume growth in voice and data usage despite significant currency depreciation and rising operating costs. The company has approved a US$30.3 million renounceable rights offer to fund the redemption of maturing debentures and expects to invest approximately US$135 million in capital expenditure over the next year to upgrade network infrastructure.