Ethiopia’s state-owned telecom monopoly has seen first quarter operations bring its books 3.64 billion Br gross profit, from an operating revenue of over five billion Birr. Its profit, described by its corporate communications head, Abdurahim Ahmed, as “remarkable results”, represents an 11pc growth compared to the same period last year.
However, ethio telecom’s operating revenue is five percent short of its plan, yet experienced a 20pc growth in comparison with the same period last year. Of this, about 70pc was earned from mobile services. International call service, data and internet accounts about 10.5pc and 13.3pc of the general revenue, respectively.