(Reuters) – State monopoly Ethio Telecom, expected to be partly sold off as Ethiopia liberalizes its economy, saw a 31.4% rise in revenues in the 12 months to end-June, versus a year earlier, the firm\u2019s chief executive Frehiwot Tamiru said on Thursday.<\/p>\n
Ethiopia has said it plans to sell 40 percent of shares in Ethio Telecom, with the government retaining a majority stake.<\/p>\n
Speaking at a news conference, Frehiwot attributed the jump in revenues to 47.7 billion birr ($1.37 billion) for the financial year ended June to an expansion of the network and more customers.<\/p>\n
Last month, Ethiopia received twelve bids from telecom firms for two telecom licenses it plans to award to multinational mobile operators.<\/p>\n
The firms include France\u2019s Orange, MTN Group of South Africa, UAE\u2019s Etisalat, and a consortium made up of Vodafone, Vodacom and others. <\/p>\n","protected":false},"excerpt":{"rendered":"
(Reuters) – State monopoly Ethio Telecom, expected to be partly sold off as Ethiopia liberalizes its economy, saw a 31.4% rise in revenues in the 12 months to end-June, versus a year earlier, the firm\u2019s chief executive Frehiwot Tamiru said on Thursday. Ethiopia has said it plans to sell 40 percent of shares in Ethio […]<\/p>\n","protected":false},"author":1,"featured_media":325515,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-325489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2020\/07\/Ethio-Telecom-CEO-Frehiwot-Tamiru-2019.jpg?fit=1280%2C720&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1mFP","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/325489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=325489"}],"version-history":[{"count":4,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/325489\/revisions"}],"predecessor-version":[{"id":325516,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/325489\/revisions\/325516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/325515"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=325489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=325489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=325489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}