Despite ongoing infrastructure upgrade investments, Ethio Telecom is growing rapidly across multiple verticals, including meeting its revenue generation target.
Ethiopia’s biggest internet and telephone provider published its performance this week in its 2024/25 Semi-Annual Business Performance Report, which covers the period from July to December.
Ethio Telecom ticked green on most key metrics during the period, hitting 90.7% of its revenue generation target and 80.5 million total customers, meeting 100% of the subscriber base target.
According to the company, this gain was 5.9 million, or 7.9%, higher than the same period in the previous financial year.
Regarding service types, mobile voice subscribers were 77.7 million, mobile data and internet users 43.5 million, fixed broadband 784.1 thousand, and fixed voice 765.6 thousand.
In terms of mobile coverage, Ethio Telecom deployed 202 new mobile stations and boosted mobile network capacity by 4.6 million, allowing 67 cities to access 4G and 10 cities to connect to 5G.
It emphasised that these advances are part of a larger effort to expand telecom services to rural areas.
Ethio Telecom’s technological expansion milestones for 2024/25 include fixed-line and cloud services.
The telco said the revenue growth was “primarily fuelled by a sharp increase in mobile data usage, which has reached 642.2 billion MB, reflecting a 48.8% rise compared to the same period last fiscal year.”
It continued: “Likewise, mobile voice services have expanded to 83.6 billion minutes, registering a 12.7% increase. These achievements have played a pivotal role in reinforcing our company’s financial performance.”
The company stressed that it remains committed to delivering dependable digital solutions and driving inclusive growth across the country’s telecoms sector.
“Our company is playing a remarkable role in accelerating the overall progress of our society and prosperity of our country and realising digital Ethiopia by utilising smart technologies,” it said.
It further underlined that its success was due to introducing new products and services that bolstered the company’s ambition to modernise the country’s digital landscape.
According to its report, 171 62 new services have been launched or revamped to enhance customer satisfaction.
In its year of success, Ethio Telecom also opened 68 new service centres, bringing the total to 1,000 while growing its network of 303,000 partners.
“In the first half of this budget year, our company has made significant strides, including improving overall customer experience, expanding service accessibility and quality, diversifying and increasing revenue streams, strengthening financial capacity, and achieving operational excellence,” reads the statement.
