Telecom

Ethio Telecom plans to acquire a telecommunications satellite

Ethio Telecom plans to acquire a telecommunications satellite
Tuesday, 08 January 2019 17:44

Ethio Telecom, Ethiopia’s incumbent operator, is planning to buy a telecommunications satellite. The infrastructure will help it extend its network coverage in remote areas and also save on the use of equipment owned by foreigners.

Ethio Telecom estimates that each year, it spends about $12 million to rent the capacity of foreign satellites. The telecommunications satellite will also guarantee sovereignty in the telecommunications sector.

The operator has been planning to acquire the purchase of a telecommunications satellite for years now but the project was blocked when the Information Network Security Agency (INSA) announced its intention to also acquire a telecommunications satellite. At the time, the government saw it as a waste of resources if each of Ethio Telecoms and INSA acquires those satellites. It then chose to buy one.  

Finally, the INSA did not buy the satellite and Ethio Telecom, which is set on making use of this opportunity, declared: “We are working on the plan. We will work on the strategy and present it to the government for approval.”

On the same topic
(ETHIO TELECOM)-At a media event held at the Ethiopian Science Museum, Ethio Telecom CEO Frehiwot Tamiru presented the company’s 2024/25 fiscal year...
Government ramps up e-services, digital ID, and payments, but rural gaps remain Highlights: ● Over 900 government services digitized under "Digital...
As Algeria ramps up efforts to digitize its economy, the new cable is expected to play a critical role in improving service delivery, boosting enterprise...
Morocco to invest $8.9B in 5G rollout, targeting 85% coverage by 2030. Plan includes fiber expansion and rural connectivity under Digital...
Most Read
01

The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...

10 African Fintech Unicorns and Upstarts Make World’s Top 300
02

By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...

Liberia, ECOWAS & World Bank collaborate on second West Africa submarine cable plan
03

The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...

Kenyan Mawingu Networks to Sell 35% Stake to South Africa’s Pembani Remgro Fund
04

As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...

Africa Faces 'Critical' Digital Skills Gap as Youth Population Booms, UN Warns
05

- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...

WAEMU: SMEs Secured 52% of Business Loans in 2024, Up From 49% in 2023 
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.