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.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Cameroon awards five oil blocks to Murphy Oil and Octavia Four of nine blocks unassigned, reflecting cautious investor interest Deals enter...
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....