Ethio Telecom Collects over 25.5bln Br Revenue in Six-Month

ADDIS ABABA – State monopoly Ethio Telecom has garnered a total of 25.57bln birr or nearly $650mln revenue in the first half of the current Ethiopian 2020/21 fiscal year, its top officials announced on Thursday.

The revenue has shown a 12.5% increase when compared to the same period of the previous fiscal year.

Speaking at a news conference, Frehiwot Tamiru attributed the increase in revenues to an expansion of the network and more customers.

The telecom company, expected to be partly sold off as Ethiopia liberalizes its economy, has a total of over 5.7mln customers.