Safaricom Ethiopia announced a hefty investment of USD 1.5 billion to build 5,000 new telecom towers across the country over the next three years. This ambitious plan aims to significantly improve network infrastructure and connectivity for millions of Ethiopians.
Safaricom Ethiopia has reported a 270% increase in annual revenue, reaching Birr 7.2 billionfor the fiscal year ending March 31, 2025, up from Birr 2.7 billion the previous year. Despite the revenue growth, the company remains in its investment phase, recording an operating expense of Birr 47 billion.
Safaricom Ethiopia PLC, previously dubbed Global Partnership for Ethiopia, announced it will launch its commercial operations in March 2022, using the '07' mobile number prefix, the same prefix it uses in Kenya, with '09' reserved for Ethio Telecom.
Safaricom Ethiopia and Ethio Telecom are negotiating a network sharing deal, it has been revealed. Safaricom Ethiopia is preparing to start commercial operations in March, in a market so far monopolized by the state-owned Ethio Telecom.
Kenyan telecom operator Safaricom PLC has reported a 55% rise in half-year profit, supported by strong performance in its domestic market and reduced losses in Ethiopia.
