Surpassing expectations, the company generated a total revenue of 75.8 billion birr, achieving 101% of its target, according to its annual performance report. Out of the total revenue, mobile voice income accounted for 43.7%, followed closely by data and internet at 26.6%. Ethio Telecom has been executing a three-year strategic plan to establish itself as a leading provider of digital solutions in the competitive telecom market. Further expansions of the 5G network are currently in progress, according to Ethio Telecom. Additionally, acts of vandalism targeted fiber and copper cables, posing significant challenges for Ethio Telecom.

Source: Ethiopian News July 18, 2023 12:00 UTC