Ethiopia's incumbent telecom operator -Ethio Telecom- is seeking to strengthen its position on the national telecom market amid increasing competition. Its sole competitor currently covers 40% of the population.
Last week, the state-owned Ethiopian telecommunications company, Ethio Telecom, announced the expansion of its 4G internet service to an additional 77 cities across Ethiopia, bringing the total number of covered Ethiopian cities to 417.
"Our company is committed to continuously expanding various infrastructures and deploying state-of-the-art technologies to simplify daily life of the citizens and modernize work systems, thereby driving the digital economy and promoting the multifaceted development of the nation," the company said in a press release.
This acceleration in 4G network coverage expansion is expected to reach more people and bolster Ethio Telecom's leading position amidst heightened competition. The historic operator shares the market with private telecom operator Safaricom Ethiopia since October 2022, with the government planning to introduce a second private operator in the country.
As of December 31, 2023, Ethio Telecom boasted 74.6 million customers, including 36.4 million internet subscribers. By March 31, 2023, Safaricom Ethiopia had 9.4 million mobile services subscribers, covering approximately 40% of the Ethiopian population estimated at 123.4 million by the World Bank.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Ecobank Transnational Incorporated asked shareholders to vote on a $500 million Tier 2 Eurobond...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...
Funding part of $250 million raise to boost investor confidence Fintech expands services, pr...
Niger adopts draft decree to regulate firearm acquisition, possession, and use New framework introduces stricter controls, traceability requirements,...
Chad and Algeria sign agreement to study a 20,000 bpd refinery project Chad continues to import large volumes of refined products despite crude output...
South Africa plans to invest $121 billion in rail modernization by 2050. Freight demand exceeds current rail capacity by over 100 million tonnes...
Africa Re reports net profit of $199 million in 2025, up 50.62% year-on-year. Investment income reaches record $114 million while FX losses...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...