ADDIS ABABA : Ethiopia's state-owned telecoms company Ethio Telecom said on Thursday that its half-year revenues rose 20 per cent to 33.8 billion birr ($632.99 million).Subscribers to Ethio Telecom's mobile phone-based financial service, known as Telebirr, launched in May 2021, have grown to 27.2 million
ADDIS ABABA : Ethiopia's state-owned telecoms company Ethio Telecom said on Thursday that its half-year revenues rose 20 per cent to 33.8 billion birr .
Subscribers to Ethio Telecom's mobile phone-based financial service, known as Telebirr, launched in May 2021, have grown to 27.2 million out of its 70 million total subscribers, CEO Frehiwot Tamiru told a news conference. Ethio Telecom is facing competition from Safaricom Ethiopia, which launched commercial mobile network services in October and now covers at least 21 cities across the country.
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