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
• Togo launches cybersecurity training for 250 professionals, August 28• Program offers ISO, CompTIA certifications to boost threat response• Togo now...
Côte d'Ivoire, ATU sign telecom access deal at SUTEL 2025 Partnership targets rural connectivity, best practice exchange Côte d'Ivoire ranks...
Guinea-Bissau seeks telecom insights from Chad on fiber optics Ministers met August 27 in N'Djamena to discuss cooperation No formal telecom...
77.3% of African banks see limited customer digital literacy as the main obstacle to digital services. High internet costs, poor connectivity, and...
Most Read
01

It’s a common scene in any Lomé (Togo) market, but it’s telling. A customer hands a 10,000 CFA franc...

The Change Shortage: A Crisis Hidden by the CFA Franc’s Stability
02

Egypt’s handset market is projected to leap from $2.5 billion in 2025 to $4.8 billion by...

Egypt’s $2.5B-to-$4.8B Smartphone Surge Set to Reshape Africa’s Tech Map by 2031
03

Burkina Faso ends Target Malaria, a GMO mosquito project funded by the Gates Foundation. The ...

Burkina Faso Halts a Malaria Program Backed by Bill and Melinda Gates Foundation
04

Egypt and UNECA launched a five-day workshop in Cairo to strengthen maritime tax audits and IFRS-b...

Egypt Bolsters Maritime Tax Collection With UN Economic Commission Training
05

Sadot and Vodacom’s MOTI launch Africa’s first telco-powered farm-to-fork app to cut crop losses a...

Sadot, Vodacom-Backed MOTI Launch Africa’s First Telco-Powered Farm-to-Fork App  
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.