Ethio Telecom officially launched its commercial 5G services in Addis Ababa in September 2023. Until then, the capital and Adama are the only two Ethiopian cities to benefit from ultra-high speed. The historic Ethiopian telecommunications operator Ethio Telecom announced on Tuesday, November 28, that it had launched its fifth generation (5G) mobile services in Jigjiga,...
Separately, the regulator has extended applicants’ deadline for third national operator licence State-owned operator Ethio Telecom is having an amazing run-up to the government’s promised sale of a stake in the telco. In February, Ethio Telecom said it would offer a 45% stake to foreign investors, up from the 40% it said it would offer in November 2022....
Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions, and services, announced today that the company received a contract for satellite network modernization at Ethio Telecom of Ethiopia. Gilat’s SkyEdge II-c with hundreds of Capricorn and Gemini VSATs will be used to enable enhanced satellite-based 4G cellular backhaul capabilities and enterprise communications...
The clock is ticking for telecom giants in Ethiopia as a new tax law looms on the horizon. Government officials have set ambitious revenue targets counting on taxes from cellular services. Facing uncertainty, operators like Ethio Telecom and Safaricom Ethiopia must soon navigate looming legislation that threatens to vastly expand what they owe if approved....
Debuted in May 2021, Ethio-Telecom’s Tele Birr Super App, a mobile money solution within Ethiopia, has tallied over 358 million transactions, with over 34 million users from 44 countries. This has amounted to an impressive 746 billion Ethiopian Birr. International remittances through this platform have also reached about $2.4 million. Its unsecured loan offering has...
Ethiopian state-owned Ethio Telecom expects its total revenue to rise 19% in its 2023/24 (July-June)financial year and forecasts a 29% rise in the number of customers on its network using its mobile money services, it said on Friday. The government plans to sell a stake of up to 45% in the telecoms company, after reviving...
Ethio Telecom expects to secure 90.5 Billion Birr in annual revenues in the current 2023/24 Ethiopian fiscal year. The figure is nearly 15 billion birr higher than the total revenues the state-owned telecom company secured last year. On Thursday, CEO Frehiwot Tamru announced Ethio Telecom’s annual business plan that aims not only to increase revenues...
– Frehiwot argues the telecom regulator should fund universal access in uneconomic areas, citing costs – However, regulators maintain telecom companies bear the responsibility due to their universal access obligations The state-owned ethio telecom and the Ethiopian Communications Authority (ECA) are at odds over who should bear the cost of expanding telecom infrastructure to unprofitable...
Ethio Telecom revealed in its 2022/23 year profit more than doubled to ETB18.8 billion (US$344m) along with rising subscriber numbers and revenue, as the operator is poised for a stake sale. Reuters reported, Ethio Telecom CEO Frehiwot Tamiru (pictured) said subscribers had grown from 8% to 72 million year-on-year and its mobile money platform Telebirr...
Ethio Telecom, the leading telecommunications company in Ethiopia, has launched its ambitious three-year LEAD Growth Strategy at the beginning of the budget year. With a clear focus on becoming a major digital solutions provider in the highly competitive telecom market, the company aims to play a pivotal role in driving the progress and prosperity of...
