News Digital

Ethiopia’s state-owned telco explores deal with fiber provider Somcable to access global markets

Ethiopia’s state-owned telco explores deal with fiber provider Somcable to access global markets
Thursday, 29 January 2026 17:30
  • Ethio Telecom is seeking to expand digital services abroad through talks with Somaliland’s Somcable.
  • The partnership focuses on cross-border connectivity and digital service development.
  • The operator reported 87.1 million subscribers and about $850 million in revenue in H2 2025.

Ethiopia’s incumbent telecom operator, Ethio Telecom, announced on January 28 that it had held a meeting with Somcable, a major fiber optic provider based in Somaliland. The talks focused on cooperation to support Ethio Telecom’s efforts to expand digital services and reach global markets. The meeting brought together Ethio Telecom chief executive Frehiwot Tamru, Somcable chairman Mohamed Said Guedi, and chief executive Mohammed Ibrahim Ahmed. Discussions covered cross-border collaboration in digital and telecommunications services.

Somcable has experience in designing and maintaining high-capacity submarine fiber-optic networks. It is involved in the PEACE cable system, which connects East Africa with Europe and Asia, and has invested in broadband expansion, including fibre-to-the-home projects in Somaliland’s major cities. The partnership is expected to strengthen regional connectivity in the Horn of Africa. Both companies agreed to reinforce their existing international internet capacity lease agreement and explore further areas of cooperation.

In Cameroon, Ethio Telecom signed a three-year Master Service Agreement (MSA) with CAMTEL in December 2025. The deal is intended to support several national priorities, including the launch of Blue Money, CAMTEL’s mobile-money service expected in 2026, the digitisation of public services through a government cloud, and the modernization of telecom networks with 4G and 5G deployment. Ethio Telecom also signed an agreement with Saudi Telecom (STC) in August 2025 to support business expansion and diversification.

According to its FY2025/26 First Half-Year Business Performance Report, covering July to December 2025, Ethio Telecom serves 87.1 million subscribers and generated 85.02 billion ETB (about $850 million) in revenue. The company reported $3.16 million from infrastructure sharing and more than $16.02 million through Telebirr’s international remittance service. Telebirr, its mobile money platform, has expanded to 58.61 million users.

The company’s “Next Horizon: Digital & Beyond 2028” strategy outlines plans to move beyond connectivity into platforms and digital services, to strengthen its position in regional and global markets.

Hikmatu Bilali

On the same topic
China launches AI contest targeting African innovators and students Initiative aims to identify high-impact solutions across key...
Campus to train youth in coding, data, and artificial intelligence Backed by Axian Group, France, and the European Union Project supports Togo’s...
Government launches plans to improve data use and public services Strategy aims to support responsible use of artificial intelligence Move...
Onatel signs $5.9 million deal to expand rural 4G Project targets 92 localities, 370,000 people in 18 months Initiative aims to narrow...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
04

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
05

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.