Addis Ababa — Ethio telecom announced that it has generated over 28 billion birr in revenue from telecom services during the first half of this Ethiopian fiscal year. Briefing journalists on Monday, Ethio Telecom CEO Firehiwot Tamiru said the obtained revenue achieved 84.7 percent of target plan and shows 6.7 percent increment compare to the previous same year. Mobile voice subscribers reached 58.7 million, data and internet users' 23.8 million, fixed services and fixed broadband subscribers reached 923k and 443k respectively. Frehiwot indicated that given the current challenging environment in the country, this achievement can be considered as remarkable. "In addition to expanding our revenue stream, our company has devised cost optimization strategy and managed to save over 1.2 billion Birr in the six months," she said.

Source: Ethiopian News February 01, 2022 01:29 UTC