Ethio Telecom Archives - Extensia-ltd

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More Africa NewsThunes Partners with Ethiopia’s Ethio telecom to Power Cross-Border Transfers for its Mobile Money users

November 25, 2021by myles0

Thunes, a leading global payments platform, today announced a partnership with Ethio telecom, Ethiopia’s largest telecom operator with more than 59 million subscribers. With access to Thunes network, telebirr will become the first telecom operator-led money transfer service in Ethiopia to deliver a fast, transparent and cost-effective money transfer experience to its customer base of over 11 million mobile money users. This...

More Africa NewsEthio Telecom lost 1.9 billion Br in revenue to conflict in first quarter

November 15, 2021by myles0

The state telecom giant, ethio telecom, lost 1.9 billion Birr in revenue due to the conflict in the northern part of the country. As a result, its revenue for the first quarter of 2021/22 Ethiopian fiscal year fell 12 percent short of its planned 15.4 billion Birr. Yet, ethio telecom managed to bag 5.9...

More Africa NewsEthiopia: Telebirr’s transaction surpasses a billion birr

September 27, 2021by myles1

The amount of money transacted through Telebirr, ethio telecom’s mobile money transaction platform, surpassed one billion birr on September 23, 2021. The mobile money transaction app has only been operation for five months. Even though the company disclosed at an LTE advanced mobile internet service launch in Nekemte town on September 18, 2021 that the transaction...

More Africa NewsEthiopia Telecom moved closer to privatisation

September 21, 2021by myles0

The Ethiopian government has finally released a Request for Proposal (RFP) for the partial privatisation of state-owned operator Ethio Telecom. The government wants to sell a 40% stake in the company in a move that is widely considered an effort to make the telco more competitive. The aim of the RFP is to invite proposals...

More Africa NewsEthiopia: Govt Announces Proposal for Partial Privatization of Ethio-Telecom

September 15, 2021by myles0

The Government of Ethiopia has released a Request for Proposal (RFP) for the Partial Privatization of Ethio-Telecom to invite proposals from interested parties who can add value to the Company by bringing in best practices in terms of operations, infrastructure management and next generation technological capabilities. According to Ministry of Finance, as part of its...

More Africa NewsEthio Telecom to launch international remittance service

September 6, 2021by myles0

Ethio Telecom announced that it is finalizing preparations to launch an international remittance service system shortly via its mobile money service – telebirr. The company made the announcement while it launched 4G LTE advanced service in the southwest region on Thursday, August 2, 2021 in Gambella city. During the launch ceremony, CEO of ethio telecom,...

More Africa NewsEthiopia: Ethio – Telecom Striving to Be Preferred Operator in the Coming Years

September 1, 2021by myles0

Ethio telecom, as an enabler for the socio-economic development of the nation, has been serving Ethiopia for the last 127 years since its foundation in Ethiopia in 1890 during the reign of Emperor Menelik II. According to the growth strategy of the company that covers a time period from 1 July 2021 to 30 June...

More Africa NewsEthio Telecom announces several actions to record annual income of $ 1.5 billion

August 24, 2021by myles0

2022 and the years to follow promise to be tough on the Ethiopian telecoms market. With the state monopoly gone, Ethio Telecom will have to exercise good judgment to remain profitable. The growth ambitions of the public company will be confronted with those of new competitors. Facing the press on Thursday August 19, Frehiwot Tamiru, CEO of...

More Africa NewsEthiopia: Ethio Telecom Plans to Earn 70 Billion Birr

August 23, 2021by myles0

Ethio telecom announced that it plans to earn about 70 billion Birr this Ethiopian budget year by offering about 176 new and expanded local and international telecom service packages. Briefing the media yesterday , Ethio telecom CEO Frehiwot Tamiru said new technologies and additional features will be implemented to enhance customer experience, quality and accessibility...

More Africa NewsEthiopia quick to integrate mobile money and banking platforms

July 23, 2021by myles0

Ethiopia is speeding up the integration of banks and mobile wallets to tap into the local payments and international remittance markets, long flagged by the World Bank as key to TeleBirr, the country’s first mobile money platform. TeleBirr is run by telecom operator, Ethio Telecom and has soared to more than 4 million registered users...

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