Ethio Telecom, Ethiopia's government-owned sole of telecom services provider, announced today a tariff reduction on its fixed broadband internet service while tripling its speed.
Ethio Telecom has announced its financial results for the first half of the current fiscal year. The company reported a net profit of Birr 11 billion, representing a significant 14% increase compared to the same period last year.
Ethio Telecom announced that it earned Birr 162 billion in revenue during the 2024/25 Ethiopian fiscal year, marking a significant milestone in its ongoing digital transformation efforts.
Ethio Telecom has announced major achievements in the first half of the 2024/25 fiscal year, including saving Birr 3.5 billion through cost-effective digital services, transferring over one trillion Birr via Tele Birr, and expanding 5G services to 10 cities.
Ethiopia's state-owned Ethio Telecom announced it has obtained 28 million birr revenues in six months, since the Ethiopian fiscal year kicked in on July 8, 2021. The amount shows a 6.7 percent rise compared to last year, and stands at 86.4 percent of the company's target for the period.
