Read More: Ethiopia Offers Hope for Phone Providers With African Dreams“We have a monopoly. Privatizing Ethio Telecom will improve service quality, increase choice for customers and spur investment as the country’s population of 100 million grows, according to Balcha. Yinager Dessie, governor of the National Bank of Ethiopia, did not immediately respond to calls seeking comment. Ethiopia will add 5G technology in October, though it must first decide on the frequency band, he said. Ethio Telecom has annual sales of about 45.4 billion birr ($1.5 billion) and more than 50 million subscribers, the company said last month.

Source: Ethiopian News October 09, 2019 11:48 UTC