Ethio Telecom ups the ante in run-up to stake sale

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 to Modernize Satellite Network for Ethio Telecom, Enhancing Connectivity in Remote Regions

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...

Ethiopia sets 16bln Birr VAT target from telecom

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....

Ethio-Telecom’s Tele Birr Tallies 358m Transactions, 34m Users In 2 Years

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...

Ethio Telecom CEO’s comments on rural access spark feud with regulator

– 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...

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