ADDIS ABABA – Ethio Telecom has agreed to provide modular data center services to Amhara Bank, a new entrant to Ethiopia’s commercial banking sector.
Frehiwot Tamru, CEO of the telecom firm, and President of the Bank, Henok Kebede, signed A memorandum of understanding on the service provision on Tuesday.
The state-owned telecom firm launched the Modular Data Center with 99% reliable connectivity and high electric power saving capacity in May, last year.
Today’s agreement “would enable the bank to utilize this modular data center for modernizing its information technology system and provide reliable services to its customers,” said the company.
The canter, located in Gola Sefer area of Addis Ababa, was initially built with a main objective of serving Ethio Telecom’s existing services such as mobile money and business support systems.
Its extra capacity, however, has become a source of revenue as it could be used for new business such as colocation as well as cloud service in the future.
Amhara Bank, which entered the banking sector a year ago, will join at least 84 Ethio Telecom’s customers/partners currently co-located in the center, and each data center has six-degree resilient fiber connection.
“We would like to thank the board of directors of Amhara bank and its CEO for choosing to use our reliable data center,” said Ethio telecom.
The company has built two modular data centers the telecom firm has built, to date, and three more centers are under construction.
In addition, it said a big Green Data Center that can host 1000 racks with geographical redundancy is under requirement preparation.
“To this effect, five sites are already made available outside Addis Ababa for geography redundancy equipped with its own disaster time emergency backup,” the company said.