Ethio Telecom Earned record income in 6 months

Ethio Telecom earned a total income of 42.9 billion birr in six months

#Ethiopia Ethio Telecom has announced that it has earned 42.86 billion birr in total revenue this year and the total number of customers has reached 74.6 million.

The company announced this this morning at the Skylight Hotel when it presented its first quarter performance report to the media for the 2016 fiscal year. It is known that the report describes the performance of the fiscal year from July 2015 to December 2016.

The company indicated that the total number of customers has reached 74.6 million in the last year. This shows an increase of 4.7 million or 6.7% compared to the same period of the previous financial year and a result of 98.3% against the plan.

When looking at the type of service, the number of mobile voice customers is 71.7 million, mobile data and internet users are 36.4 million, normal broadband is 688.3 thousand and fixed phone customers are 834 thousand; Ethio Telecom said that it has been possible to reach 68.5% of telecom coverage.

"What's possible is to increase the number of customers, improve their experience and expand access; More mobile and regular network expansion works, new products and services introduced to the market by including more service centers and product and service partners, 5G service in Addis Ababa and certain regional cities, and improving 114 (64 new and 50 existing) local and international products and services that are up-to-date and increase customer usability It's because they are available to customers." He said. The company said in a statement.

In terms of increasing service quality and network coverage and capacity, network expansion projects are being carried out, and 5G mobile technology services that enable technologies such as the Internet of Things to be realized in practice for those who have a critical mission (Mission Critical), services that need to be performed at the same time (real time) and marketing in certain cities He applied.

 The company pointed out that the capacity of 3G 678.2 thousand, 4G 1.1 million and 5G 148.2 thousand in total 1.9 million more customers was created through network expansion in the half year. With this, he said that the total mobile network customer handling capacity has reached 81 million.

He announced that 41 mobile stations that can accommodate 229,000 customers have been installed in 10 regions, 41 districts, and 92 existing stations in rural areas have been expanded to provide services.

Ethio Telecom; He announced that he has achieved 98% of his plan by expanding the scope of services, continuously providing new and improved products and services that take into account the capabilities of his customers, as well as providing various mobile finance and digital services. He pointed out that this is 8.86 billion birr or 26% more than the same period of the previous fiscal year.

” Revenue generated by type of service; Voice service has a share of 41.8%, data and internet 25.7%, international revenue 9.3%, value-added services 8.7%, telecom service equipment sales 5%, telebr 2.5%, infrastructure rental 1.1%, and other services have a share of 5.9%: " He said. Company description.

84.7 million from foreign exchange earning services. Ethio Telecom has announced that it has achieved 109% of its plan.

The company indicated in its statement that Telebr service has achieved 104% of the plan by generating more than 41 million customers; He pointed out that the transaction volume reached 910.7 billion birr and achieved excellent results. He added that since the start of the Telebur service, a total of 1.7 trillion birr has been moving into the economy.

In the first half of the year, in connection with the construction of Digital Ethiopia, 602 governmental and non-governmental institutions were made to link their service payment systems with Tele Birr, the company said in its statement.

Ethio Telecom also listed the challenges it faced in the past year; He pointed out that due to the security problems faced in different parts of the country, service interruptions, threats to network resources, theft and cutting of fiber and copper lines, telecom fraud, lack of construction materials, market instability and power supply interruptions are the main challenges.