Econet Telecom Lesotho (ETL) came into being following the merger between Telecom Lesotho and Econet Ezi ~ Cel Lesotho in April 2008. When Eskom Enterprises (Pty) Limited sold its shares to Econet Wireless Global, Econet became a majority shareholder with 70% shareholding while the Government of Lesotho remained with 30%.
The merger of the two companies allowed ETL to provide both fixed and mobile services under one license. The main benefit of this merger is that ETL is now able to offer customers total, converged communications solutions for fixed and mobile voice, as well as internet and data needs.
The merger has also enabled ETL to improve customer satisfaction by offering the latest services at competitive rates, and to attract new subscribers with innovative product offerings.