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
MTN Nigeria launched a 100 million naira startup accelerator starting September The 12-week program offers funding, mentorship, and tech...
The MTN Nigeria Dabengwa Tier 3 Data Centre is more than just a physical infrastructure project — it’s a foundational investment in Nigeria’s digital...
Chad begins drafting a manual to implement its National Digital Health Program Aims to ease doctor shortages via telemedicine and digital...
93.6% of industry players expect strong or moderate growth for African data centers Investment intentions remain high, with 77.4% likely to inject...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +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.