An expected telecom expansion project still has yet to get off the ground. An agreement early in the Ethiopian fiscal year between Ethio Telecom (et) and two Chinese telecom companies was expected to net them each USD 800 thousand but the companies are saying they have not been informed exactly what their responsibilities are, Capital reported.
The company was formed with 200,000 birr about two years ago
A telecommunications company formed by former employees of Ethiopian Telecommunication Corporation (ETC) is reporting rapidly rising profits despite problems with internal theft, Capital reported.
Kifiya Financial Technology Plc (KFT) is working with ethio-telecom to introduce an electronic airtime distribution service. This will be designed to be a cheaper replacement of the existing scratch cards used for prepaid mobile customers, Fortune reported.
There are some 9,000 public phones in the country with over 90 million birr invested on. However most of the phones which were planted aiming to benefit customers- who do not have mobile phones- were broken and ruined lacking protection and cleanness.
The Ethiopian Revenues & Customs Authority (ERCA) decided last week that Huawei Technologies, the private Chinese telecom giant, must remove the 13 million-dollar telecoms equipment it allegedly imported illegally a year ago. It had previously decided that this cargo was to be confiscated.
Ethio Telecom has concluded the task of telecom vendor allocation and proceeded to the launch of the telecom expansion project to realize the government’s Growth and Transformation Plan (GTP) for the sector in the remaining two years.
Ethiopia's state-run Ethio Telecom said on Thursday it had picked Huawei Technologies Co Ltd, the world's second largest telecom equipment maker, to roll out a high-speed 4G network across the capital Addis Ababa.