Ethiopia’s state-run Ethio Telecom has reported a 12% growth in the first-half revenue to end-December worth 25.6 billion birr ($693 million).
According to the company, mobile voice services have contributed around 49% of the revenue and data services about 26%.
Notably, the Ethiopian government, led by Prime minister Abiy Ahmed has future plans to propose a minority stake in the company to an investor with his earlier announcement to open up the mostly state-controlled economy to private investment. As per last year’s statement, the government will preserve 55% stake in Ethio Telecom, and 40% to international enterprises, and the remaining to local investors.
Ethio Telecom’s subscribers went up by 10.9% worth 44.03 million in end-December last year, the company added.
Further, there is an increase in the mobile data services on both the 2G and 3G platforms, with future plans of introduction of 4G network expansion in Addis Ababa, and across major cities, and regional capital. The company also plans to launch mobile services soon.
Last year, the company reported of receiving 12 bids for two telecom licenses complying to the Government for multinational companies.
