Ethio telecom announced that it has gained annual revenue worth 56.5 billion. Birr.
The announcement was made yesterday when Ethio telecom CEO Frehiwot Tamiru briefed journalists on the company’s last Ethiopian fiscal year achievements.
At the event, she pointed out that rapid infrastructural development and services as well as the LTE and 4G network expansion are among the key activities the telecom accomplished to enhance customer experience and satisfaction.
According to her, the telecom offered 34 new and 28 revamped local and international products and services. Mobile voice accounts for 47.5% of the total revenue while Data and internet contributes 27%.
She furthermore said that the newly introduced mobile money business “telebirr” has gained 6.58 million subscribers and transaction value of 357 million in just two months.
The total subscribers has now reached 56.2 million achieving 108% of the subscriber base target. Hence the company is reaching 95% of Ethiopians and covering 85.4% of the country, it was learnt.
Frehiwot indicated that the number of fixed Broadband users have jumped by 465% (from 66,200 to 374,000) apart from rising of fixed Broadband users.
The rise of fixed Broadband users has contributed share for the growth of Ethiopia’s growth domestic product, she added, The company also disclosed it has generated 166.5 million USD from international business as it curbs telecom fraud by employing technical solutions and collaborating with international business partners.
This year’s overall performance has shown a 66.7% increment compared to the previous year’s performance given the increment of subscribers, it was learnt.
The Ethiopian Herald July 14/2021