Telecom

Ethio Telecom plans a music and video streaming service

Ethio Telecom plans a music and video streaming service
Wednesday, 05 October 2022 15:27

Safaricom is expected to launch commercial operations in Ethiopia in the coming days. For months now, Ethio Telecom, which is well aware of the competitive weight carried by the new market player, has been implementing actions to reinforce its market position and be a step ahead of the new entrant. 

Ethiopian incumbent operator Ethio Telecom will launch a music and video streaming service in the coming weeks, a local media reported. In February 2022, it issued tender calls for that purpose, we learn. 

The new service is part of Ethio Telecom's new three-year strategy, unveiled on September 26. Through this strategy, called "Lead", the company aims to explore new business segments and solutions beyond connectivity.

The initiative is one of its "offensive strategies" in response to the upcoming commercial war in the domestic telecom market with Safaricom slated to launch operations in the country. Its strategies include the launch of pre-commercial 5G services, the adoption of Israeli company Allot's traffic management solution, and Subex's "Business Assurance" solution.

For the 2022/2023 fiscal year, it expects to increase its subscriber base by 10.3 percent, to  73.5 million, and generate Br75 billion (US$1.4 billion) in revenue.

Isaac K. Kassouwi

On the same topic
Reliable, high-capacity international connectivity is crucial for driving economic growth, enabling digital services, and promoting regional...
• Morocco to build 500 MW green-powered data center in Dakhla to boost cloud infrastructure• Part of Digital Morocco 2030, aiming for data sovereignty and...
• Cameroon and Chad plan to launch free mobile roaming by August 11, following a joint coordination meeting in N'Djamena• The move revives a stalled CEMAC...
By investing in shared, open-access fibre networks, Vodacom and Maziv can help drive more affordable retail broadband pricing and reduce barriers for...
Most Read
01

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...

Nigeria Secures $100 mln ECOWAS Bank Loan for Lagos-Calabar Coastal Highway
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
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
Média kit : Download

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.