TTO - Trustco Group Holdings Limited - Voluntary announcement relating to
TTO
TTO
TTO - Trustco Group Holdings Limited - Voluntary announcement relating to
Trustco Mobile (PTY) Ltd
TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
("the Company" or "Trustco")
Voluntary Announcement Relating To Trustco Mobile (Pty) Ltd
Shareholders are advised that EcoLife, the joint venture between Econet Wireless
Zimbabwe, First Mutual Life Zimbabwe and Trustco Mobile ("Trustco Mobile"), has
reached 1.7 million registered subscribers as of today, with growth continuing
at approximately 5000 new subscribers daily.
The effect of the disconnection of mobile subscribers by the Postal and
Telecommunications Regulatory Authority of Zimbabwe from 1 April 2011, is
expected to have no material negative impact on Trustco Mobile`s revenue for the
period ending 31 March 2012. To date, no material negative effect has been
observed. The situation is being monitored closely and any material change will
be communicated to shareholders via SENS.
By order of the Board
J Bazuin
Company Secretary
Windhoek, 20 April 2011
JSE Sponsor
QuestCo Sponsors (Pty) Ltd
NSX Sponsor
IJG Securities (Pty) Ltd
Date: 20/04/2011 14:50:01 Produced by the JSE SENS Department.
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