In a recent speech at the American Enterprise Institute, outgoingFederal Communications Commission Chairman Reed Hundt echoed theconcerns of countless policymakers when he asked, "is it [theTelecommunications Act of 1996] working?"
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In a recent speech at the American Enterprise Institute, outgoingFederal Communications Commission Chairman Reed Hundt echoed theconcerns of countless policymakers when he asked, "is it [theTelecommunications Act of 1996] working?"
ECONET Wireless is seen narrowing losses this financial year before returning to profitability next year as stability in the exchange rate is expected to reduce foreign currency exchange looses, a research firm has said.
During this financial year, which ends in February, profitability is likely to remain under pressure as the group has already accrued foreign exchange losses during the first half, brokerage firm IH Securities said.
But the reintroduction of the foreign currency auction system in June last year brought stability on the exchange rate and “will work to the advantage” of the telecoms giant. Econet will likely record 521 percent growth in revenue to $21,62 billion in FY21 from $3,48 billion during the same period in 2020.