Ethiopia's sole telecom services provider Ethio Telecom has announced that it is cutting down tariff on internet and voice call services, starting tomorrow, August 27, 2020. Frehiwot Tamiru, Ethio Telecom's CEO, broke the news during a media briefing on the company's three-year strategy and 2020/21 plan.
Ethiopia's sole telecom services provider Ethio Telecom amassed a profit of over $686 million (22.04 billion birr) in the first half of the fiscal year 2019/20, the company announced.
The Ethiopian telecom monopole, Ethio telecom, secured over five Billion Birr in the first quarter of this fiscal year.
Ethio Telecom’s CEO Frehiwot Tamiru revealed that the telecom company gathered a revenue of Birr 61 billion during the 2021/2022 fiscal year. Ethiopian Investment Holdings, on the other hand, stated that Ethio Telecom was showing a steady growth to become the backbone of digitalization.
