Telecom

French Company withdrew from buying Ethio Telecom Shares

French Company withdrew from buying Ethio Telecom Shares

Orange, a prominent French telecom company, initially had aspirations to acquire approximately 45 percent of Ethio telecom's shares. However, the company ultimately withdrew from the deal, citing challenges in swiftly implementing their strategic ideas and achieving desired results. The backdrop of this decision is Ethiopia's ongoing evaluation of its telecommunications market, with the intention of introducing a third telecom service provider alongside the existing state-owned Ethiotelecom and Safaricom, which recently entered the market. In addition to exploring new market dynamics, Ethiopia is also in the process of divesting less than half of Ethiotelecom, attracting interest from international giants such as…
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Ethio Telecom plans to earn 90 billion birr in 2016 fiscal year

Ethio Telecom plans to earn 90 billion birr in 2016 fiscal year

The CEO of Ethio Telecom, Frehiwot Tamru, announced the institution's plan for the 2016 fiscal year. According to the CEO, it is planned to earn 90.5 billion birr from general telecom services in the current fiscal year. The official added that the organization has plans to get 13 million new customers in the 2016 fiscal year, bringing the total number of customers to 92 million. Another goal of the institute is to increase Telebirr customers to 44.1 million, mobile voice service users to 75 million and Internet users to 41 million. In general, the institution has planned to increase the…
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Ethiopia grants mobile money license to Safaricom

Ethiopia grants mobile money license to Safaricom

National bank of Ethiopia grants mobile money license to Safaricom National Bank has announced that it will soon give license for mobile money transfer to Safaricom The National Bank has stated that Safaricom Ethiopia, which has obtained the first private telecom service license in Ethiopia, will soon be granted a license to provide mobile money transfer services. National Bank Governor Mr. Mamo Mehretu said that the government is taking various measures to modernize and strengthen the financial sector. He also mentioned that non-banking telecommunication companies, fintech and payment agents have been invited to participate in the payment service sector. Mr.…
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Ethio Telecom anounces Tele birr  SuperApp service

Ethio Telecom anounces Tele birr SuperApp service

Ethio Telecom has upgraded the "Tele Birr" application, to tele birr superapp which is previously provided various services. This customer service, announced today, will enable the provision of three more services than were previously available. The new services include scheduled payments, sending money to groups and playing games of chance. The institution announced that the scheduled payment service allows customers to plan in advance to send money and airtime as well as pay monthly service fees on the same day. The second and additional service of Tele Birr will allow sending to more than one recipient at once according to…
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Safaricom Ethiopia requested to pay $150 million for its M pesa program

Safaricom Ethiopia requested to pay $150 million for its M pesa program

"M Pesa" requested to pay $150 million to Ethiopia One of Africa's leading digital money service provider company, M Pesa, which started providing telecom services in Ethiopia, enters the Ethiopian market, requested by National Bank of Ethiopia to pay 150 million dollars for the license fee. Safaricom Ethiopia has requested permission from Kenyan government to launch M-Pesa, a successful mobile money service in Ethiopia. M-Pesa will be the first foreign money transfer service provider if it starts operations in Ethiopia. Kenyan newspapers reported that the National Bank of Ethiopia will consult today with officials from Ethio Telecom, Safaricom, BAMC sector…
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Ethiopia to sell 45%  of Ethio Telecom Share

Ethiopia to sell 45% of Ethio Telecom Share

The Ethiopian government announced on Thursday the sale of 45% of the capital of the public operator Ethio Telecom, which lost its monopoly in 2022, a figure up from the 40% sale announced in November. "The Ethiopian government is proposing a partial privatization of Ethio Telecom (...) by selling up to 45% of its capital," the Ministry of Finance announced in a statement, citing the company's "solid financial performance". In November, the same ministry had announced the "sale of shares constituting 40% of the capital of the company. Launched in June 2021, the partial privatization of Ethio Telecom, a 100%…
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Ethio Telecom customers reach 70 million.

Ethio Telecom customers reach 70 million.

(EN, Addis Ababa) Ethio Telecom presented its first performance report for the Q2 evaluation today. The CEO of the company Mrs. Frehiwot Tamru said in her explanation regarding the institution's performance that in the past six months, the organization has been working on a strategy that includes network expansion and a tariff that takes into account the capabilities of the community to be eligible for the competitive market. Frehiwot Tamru said that the three-year strategy has made it a leading digital solutions provider, with high customer experience, continuous business growth, excellence in technology and solutions, focused on professionals with operational…
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Ethio Telecom welcomed by<br>South Sudan

Ethio Telecom welcomed by
South Sudan

Africa' biggest telecom company, Ethio Telecom, signed a strategic partnership agreement with Tele Mobile South Sudan to work together. The two organizations agreed in the areas of international internet gateways and communication lines, telecom infrastructure expansion, and provisioning of telecom services, among others.  Ethio Telecom’s senior management team, led by its CEO, Frehiwot Tamru, visited South Sudan and held deliberations, particularly on capitalizing on the telecom infrastructure demands in South Sudan and telecom infrastructure expansion projects that can be undertaken in cooperation.  Ethio Telecom’s delegation had a discussion with the Minister of Information, Communications, and Postal Services, the National Communications…
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