Ethio Telecom announced that that it has generated more than 75.8 billion Birr revenue during the past Ethiopian fiscal year which covers from 01 July 2022 to 31 December 2023.

Ethiopia’s state-owned telecommunications company has reported strong revenue in the fiscal year, it was indicated.

The company’s revenue has an increment of 23.5 percent compared with the same period last year.

Ethio Telecom CEO Firehiwot Tamiru said the revenue growth was achieved through a number of factors, including network optimization work to enhance customer satisfaction, the launch of new products and services, and cost optimization measures.

The company’s total subscribers also grew by 8 percent during the fiscal year, reaching 72 million. Mobile voice subscribers reached 69.5 million, data and internet users reached 33.9 million.

Frehiwot said that the company has managed to be successful despite a number of challenges, adding that it is committed to providing quality telecommunications services to its customers.

“Given the challenges, this achievement can be considered as remarkable,” she said. “In addition to expanding our revenue stream, our company has devised cost optimization strategy and managed to save over 6.4 billion Birr in the fiscal year.”

The company is playing a key role in providing telecommunications services to Ethiopians, and its growth is helping to drive economic development.

Source: Ethiopian News Agency