International › APA

Ethiopian telecom earns over $655m in revenue in half year

Pas d'image

Ethio-telecom has generated over $655 million in revenue in past six months, achieving 95% of the target and 12.3% increase from the same period last year.Mobile voice accounts to 49% of the total revenue earned while data and Internet contributed 26% and value added services 11%, CEO of Ethio telecom Frehiwot Tamru said on Thursday in a briefing.

She said the number of mobile voice subscribers has reached 48.9 million; data and Internet users 23.5 million and fixed line services 981,000. Ethiopia is a country with over 110 million population.

The CEO stated that $80.2 million was generated from international business, registering 105% of the target and 5.9% increase from same period last year.

Frehiwot revealed that the number of Ethio telecom subscribers has reached 50.7 million, an increase of 11.2% from the same period last year.

Ethio- telecom population and geographic coverage has reached 95% and 85%, respectively, while telecom density reached 50%, it was learned.

As part of its corporate social responsibility, Ethio-telecom has contributed over $8.2 million in kind, services and cash.

COVID-19, fiber and copper vandalism, power interruption, land acquisition delay, and increasing operational costs were among the challenges Ethio-telecom encountered over the past six months.

 


Tips
Published on 10.02.2021

Cameroon: La Vallée de Bana, ideal place for tourism

Located in the heart of the West region in the Upper-Nkam Division, the Bana valley commonly referred to as La Vallée de Bana (LVB) is…

More
Subscribe

Subscribe to Journal du Cameroun newsletter and receive all news stories free of charge

Diary
  • No event.
More
Back top