Telecom

Burundi: Econet Wireless becomes Econet Leo, following buyout of U-Com, subsidiary of VimpelCom

Thursday, 09 July 2015 09:10

The telecom group Econet Wireless Group, belonging to the Zimbabwean businessman Strive Masiyiwa announced on 7th July 2015 the completion of the merger of its Burundian subsidiary with that of VimpelCom, U-Com Leo, bought as the same time as the Central African subsidiary in October 2014 for US$65 million.

The new operator, consisting of Econet Wireless and U-Com Leo has been called Econet Leo. It has 2.6 million customers for 242 direct employees.

In a market with competitors like Viettel, Smart, Tempo Africell who have clearly expressed their interest in becoming leader, Econet Wireless thought it wise to take over U-Com Leo's network and customers to expand its network coverage and increase its client base. This strategy has allowed the company to take the leadership of the Burundian telecommunications market and spare itself a long battle to win over new clients and also without spending a fortune to increase its network coverage.

However, not everything seems in place from a technical standpoint. Some subscribers have complained of numerous inconveniences, particularly the high price for internet access, the premature expiry of data packages which resulted in many claims lodged in the Econet Leo agencies, the free hotline 611 does not work anymore.

On the same topic
Mali deployed UNICEF’s CPIMS+/Primero platform to manage child protection cases The move follows a May 2025 agreement between the government and...
• IFC lends $425M to Maroc Telecom for Chad and Mali networks.• Funds target 4G rollout and Mobile Money expansion.• Move backs Africa’s digital...
The announcement highlights the growing role of public-private partnerships in driving Africa’s digital transformation and underscores Comoros’ ambition...
African agriculture still faces barriers to food self-sufficiency. As mechanization drove the Industrial Revolution, digital technology now offers...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Lion Group to explore and exploit gold, copper, and manganese in Algeria Malaysian firm plans...

Algeria, Lion Group sign mining and metals investment deal
03

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
04

Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two...

United Capital to launch Islamic and women-focused funds in Côte d’Ivoire
05

• FAO and WFP list Sudan, Nigeria, DR Congo, and others as hunger hotspots through Oct. 2025• Armed ...

UN sounds alarm on rising food insecurity in eight African countries
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.