Ethio Telecom Projects Annual Revenue to Reach 70bln Birr

ADDIS ABABA – Ethio telecom has revealed its plans to earn about 70 billion Birr this Ethiopian budget year by offering 100 new and revamped local and international telecom service packages to its customers.

The telecom firm said it is engaging in new business streams and shifting revenue sources from traditional to value-added services to generate 70bln Birr revenue, an increment of 24%.

Accordingly, it telco company says 4G/LTE Advanced network capacity expansion will be carried out in Addis Ababa and in regional towns following data traffic growth and demand.

“To improve network coverage and capacity, more than 3.88 Million additional Mobile network capacity will be installed in Addis Ababa and Regions,” it says.

New operation support systems and corporate solutions projects that improve service provisioning, automation, operational efficiency will be deployed.

Accordingly, 5th generation (5G) mobile network technology will be introduced as a pilot, it added.

Ethio telecom CEO Frehiwot Tamiru said her firm will also focus on boosting and ensuring customer satisfaction in the process of achieving the plan.

In the recently concluded fiscal year, the company recorded a 22% jump in subscribers to 56.2 million.
This year, the plan is to increase its total subscribers by 14% to 64mln and bring telecom penetration in the country to 61%, said the state-run Ethio Telecom, which has invited private investors to buy a stake in it.

Recently, the government launched a tendering process for the proposed sell-off of a 40% stake in Ethio Telecom to private investors, part of the government’s broader plan to open up the country’s telecoms sector.