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State owned Enterprises (SoEs) revenue falls short of target

The State owned Enterprises (SoEs) have generated some 300 billion birr in revenues, 38 billion birr short from the targeted revenues while securing 55.66 billion birr in profits which as well short of the 70 billion birr in profit before taxes, set for the concluded Fiscal Year.

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Ethio Telecom Cuts Tariff On Internet, Voice & International Call Packages

Ethio Telecom has announced tariff reduction on both Internet and Voice Call services amid coronavirus pandemic, effective from tomorrow August 27, 2020.

The announcement of the new tariffs for internet and voice call came at a time when the CEO, Frehiwot Tamiru briefed media on three year strategy and 2020/2020 plan of the company.

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Ethio Telecom Earns 47.7 bln br revenue for 2020 / 2019 f.y

The national telecom company, Ethio Telecom, has generated 47.7 billion birr revenue in the 2019-2020 fiscal year that ended June30, 2020. The revenue jumped by 31.4 percent compared to last year. Ethio Telecom, which is preparing itself for competition, has achieved 105.1 percent of its target. Forty nine percent of the revenue was generated from mobile services, 29 percent from data and internet, nine percent from international business, 9.4 percent from value added services and 3.6 from other services.

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