Ethio telecom Largely Achieves Plan for 2014/2015

In a press release sent to Fortune, ethio telecom announced that in 2014/2015 Ethiopian Fiscal Year (EFY), it completed 95pc of design, plan, and achievement in expansion works; increasing the number of customers to 39.8 million, 97pc of the plan; registering 21.5 billion Birr revenue, and getting 14.6 billion Birr Earning Before Interest, Taxes, Depreciation and Amortisation (EBITDA).

A total of 9.4 million internet data users, 254.7pc of the plan, showing 53pc increase compared to 2013/2014 EFY achievement, and with 837.8 thousand land line customers, 27.4pc of the plan, showing 3pc increase compared to that of 2013/2014 EFY.

International link capacity reached 27.3Gbs, and the number of kebeles in the countryside which have access to communication services reached 15,905, 3.3 million 2G and 2.5 million 3G network capacities were created in expansion works.

The company’s earnings increased by 26pc, with revenue from mobile phone services constituting 68.8pc, data and internet services 15pc, and international services 10.2pc. The company’s EBITDA increased by 14.5pc compared to that of 2013/2014 EFY.


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